Question: Need typed Answer please don't give Answer in handwriting. difficult to read. (Treatment of goodwill) A and B are partners sharing profits and losses in

Need typed Answer please don't give Answer in handwriting. difficult to

Need typed Answer please don't give Answer in handwriting. difficult to read.

(Treatment of goodwill) A and B are partners sharing profits and losses in the ratio of 3 : 5 with capitals $6,000 and $10,000 respectively. They admit C in partnership and give him 1/10th share in future profits. C brings $5,000 as his capital and $4,000 as goodwill. The amount of goodwill is immediately withdrawn by old partners in cash. Draft journal entries and show the capital accounts of all the partners

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