Neal and Vanier are partners, each with $80,000 in their partnership capital accounts. Brantford is admitted to

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Neal and Vanier are partners, each with $80,000 in their partnership capital accounts. Brantford is admitted to the partnership by investing $80,000 cash. Make the entry to show Brantford’s admission to the partnership.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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