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  3. admission of a partner check figures: b. dr conway

Admission of a partner CHECK FIGURES: b. Dr Conway, Capital: $10, 800; c. Cr Conway,...

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Accounting

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Admission of a partner CHECK FIGURES: b. Dr Conway, Capital: $10, 800; c. Cr Conway, Capital: $22, 320 Conway, Kip, and Zack are partners of Force, a local cross-fit training facility with capital balances as follows: Conway, $367, 200; Kip, $122, 400; and Zack $244, 800. The partners share profit and losses in a 1:2:1 ratio. Young is admitted to the partnership on November 30 with a 20% equity. Prepare general journal entries to record the entry of Young under each of the following unrelated assumptions: a. Young invests $183, 600. b. Young invests $129, 600. c. Young invests $295, 200. Admission of a partner CHECK FIGURES: b. Dr Conway, Capital: $10, 800; c. Cr Conway, Capital: $22, 320 Conway, Kip, and Zack are partners of Force, a local cross-fit training facility with capital balances as follows: Conway, $367, 200; Kip, $122, 400; and Zack $244, 800. The partners share profit and losses in a 1:2:1 ratio. Young is admitted to the partnership on November 30 with a 20% equity. Prepare general journal entries to record the entry of Young under each of the following unrelated assumptions: a. Young invests $183, 600. b. Young invests $129, 600. c. Young invests $295, 200

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