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Zeller, acker, and benton are partners with capital balances as follows: Assignment Saved Help Check my work mode : This shows what is correct or
Zeller, acker, and benton are partners with capital balances as follows:
Assignment Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate B 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: Answer is complete and correct. General Journal No Credit Debit 101,000 1 May 01, 2020 Cash Dent, capital 101,000 b. Dent invests $74,000: Answer is not complete. ND Credit General Journal Date May 01, 2020 Debit 74,000 Cash lai Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indic- 3 b. Dent invests $74,000: Answer is not complete. Na General Journal Credh 1 May 01, 2020 Cash Dent, capital Debit 74,000 74,000.00 c. Dent invests $132,000: Answer is not complete. No Date General Journal Credit Debit 132,000 1 May 01, 2020 Cash Dent, capital 132,000 Step by Step Solution
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