Admitting New Partners Who Buy an Interest and Contribute Assets The capital accounts of Trent Henry...

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Admitting New Partners Who Buy an Interest and Contribute Assets The capital accounts of Trent Henry and Tim Chou have balanc

business accounting

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Answer 1

Answer #1

a1
Trent Henry,Capital	29100		=145500*1/5
Tim Chou,Capital	26200		=104800*1/4
LeAnne Gilbert,Capital		55300

a2
Cash	35500
Becky Clarke,Capital		35500

b
	Capital Balance
Trent Henry	116400		=145500-29100
Tim Chou	78600		=104800-26200
LeAnne Gilbert	55300
Becky Clarke	35500

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Answer 2

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