On August 1, Zee and Ed decided to form a partnership. Zee Invested 60,000 cash....
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On August 1, Zee and Ed decided to form a partnership. Zee Invested 60,000 cash. Ed invested cash of 55,000 and land valued at 400,000. also, the partnership assumed responsibiliy for a 250,000 note associated with the land 
equired: Prepare the journal entry to record the formation of the partnership. Date Account Titles and Explanation PR Debit Cre
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