Ramos and Bailey have a frozen yogurt shop in Victoria, BC. They are equal partners, with $30,000
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Ramos and Bailey have a frozen yogurt shop in Victoria, BC. They are equal partners, with $30,000 in each of their partnership capital accounts. Bailey’s sister Kate is admitted to the partnership on October 1, 2017, after paying $30,000 to the partnership for a one-third interest. Prepare the entry to show Kate’s admission to the partnership.
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2017 Oct 1 Cash Kate Cap...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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