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Barbara Ripley and Fred Nichols decided to organize the All-Star partnership Ripley invest 19,500 cash...

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Accounting

Barbara Ripley and Fred Nichols decided to organize the All-Star partnership Ripley invest 19,500 cash and nickels contribute to 18,000 cash and equipment having book value of 3900 prepare the entry to record Nichols investment in the partnership assuming the equipment has a fair value of 5200

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