Penn has $90,500 capital and Hammet has $68,500 capital in the Penn & Hammet partnership. Penn and
Question:
Requirements
1. Calculate Pilard's capital in the new partnership.
2. Journalize the partnership's receipt of the $53,000 from Pilard?
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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