Joseph, John, and Judith each have a $60,000 capital balance. Joseph is retiring from the business. The
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Requirements
1. Journalize the revaluation of the land on July 31.
2. Journalize the payment of $66,000 to Joseph upon his retirement the same day.
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Related Book For
Accounting
ISBN: 978-0132569309
9th Edition
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
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