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  3. g 20181020-waooo pp of financial position of the x

G 20181020-waooo pp of Financial Position of the XY partnership below Cash Partnership on December...

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Accounting

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G 20181020-waooo pp of Financial Position of the XY partnership below Cash Partnership on December 31, 2018, appears s 60,000 Liabilitios 200,000 X. Capital Y, capital $60,000 90,000 Other Assets Total Assets X and Y share profits and losses in the ratio 60:40. Each of t independent of the others Capital $260.000 Each of the following questions is $260,000 Total Liabilities and Gheo Prepare journal entries for each of the following Use bonus method where appropriate and show all computatio a. Refer to the above information. Assume that Z capital interest directly from Y for a total of $60,0 Refer to the above information. Assmeinvests sital and pro partnership for a one-fourth interest in partnership cap b. Zinvests o 000 ash into the xy $80,000 cash into the XY c. Refer to the above information. Assume that Z imvestand profits partnership for a one-fifth interest in partnership capi iVu/Owinbox/FMifcgavzLrHLSBzhpGHrZkthkZnrMTMT?projector 1&messagePartid 0.1

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