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Zeller, Acker, and Benton are partners with capital balances as follows: hapter 11 Assignment Seved Help 00 Zeller, Acker, and Benton are partners with capital
Zeller, Acker, and Benton are partners with capital balances as follows:
hapter 11 Assignment Seved Help 00 Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $85,000; Acker, $70,000; and Benton, $148,000. The partners share profits and losses in a 3:2.5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions: a. Dent invests $101.000: eBook View transaction list View journal entry worksheet No Date General Journal Print Dobit Cruelt 1 May 01, 2020 101,000 Cash Dent, capital 101,000 References b. Dent invests $74,000: View transaction list Journal entry worksheet Book Step by Step Solution
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