Jim and Joe are partners agreeing to share profits and losses in a 26 ratio,...
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Jim and Joe are partners agreeing to share profits and losses in a 26 ratio, respectively Business has been profitable and they have decided to admit Jowel to the perturship for a c capital accounts are presently $240.000 and $260.000, respectively It Jewel is given a 15% interest in the partnership in exchange for $100,000, the entry to record her investment include OA. debt to Jim, Capital for $6,250 OB. credit to Jin, Capital for $6,250 OC. credit to Jewel Capital for $100,000 OD credit to Joe, Capital for $7.500 investment The balance and
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