Question: 7 Wallace and Simpson formed a partnership with Wallace contributing $68.000 and Smoso contributing $48.000. Their partnership cements for the income fossion to be used

7 Wallace and Simpson formed a partnership with Wallace contributing $68.000 and Smoso contributing $48.000. Their partnership cements for the income fossion to be used on the ratio of capital investments, Wallace sold one of his partes interest to Prince for $57000 when his capital balance was $80.000 The partnership would record the son of Principe partnership as Multiple Choice Deti Ventace. Capital $t000 cred ca, Chow $57000 Debe watae Chon 514 credit Prince, C34000 Debrec, C540000 cube Com 317000 treatment, com 57000 Dec. Ca 1000 W. Con 57000 Debrece. Cap 40.000 Pine Cat 50.000

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