Question: Journal entry worksheet Note: Enter debits before credits. c. A 50% interest in equity c. A 50% interest in equity Journal entry worksheet Note: Enter


Journal entry worksheet Note: Enter debits before credits. c. A 50% interest in equity c. A 50% interest in equity Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. c. A 50% interest in equity Keri \& Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2023: Lee and Kalpakian share profit/losses in a 2:3 ratio, respectively. On September 1,2023, Liam Court is admitted to the parthership with a cash investment of $108,000. Required: Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given: a. A 30% interest in equity Keri \& Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2023: Lee and Kalpakian share profit/losses in a 2:3 ratio, respectively. On September 1,2023, Liam Court is admitted to the parthership with a cash investment of $108,000. Required: Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given: a. A 30% interest in equity b. A 20% interest in equity Journal entry worksheet
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