Assume that Jean offers holder and Williams $60,000 for a 15% interest in the partnership...
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Accounting
Assume that Jean offers holder and Williams $60,000 for a 15% interest in the partnership on January 1 2021. Holder and William agree to Jeans offer. The capital balances of holder and Williams are $113,600 and $161,400 respectively, on January 1. Record the admission of Jean, assuming that her investment is to represent a 15% interest in the total partners capital and that a bonus is to be given to Holder and Williams in the ratio 2:3
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