Jim, Jyoti and Joy started a partnership business on Jan 1, 2019. The Net Income and...

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Jim, Jyoti and Joy started a partnership business on Jan 1, 2019. The Net Income and Net Loss will be distributed based on ca

Net Income in 2019 was 38,500 and in 2020 Net Loss was 84,700. The accounts balances at the beginning of the partnership will

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Answer 1

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Account Balance at the beginning of the partnership recorded as Jim, Capital $ 220,000 Jyoti, Capital $ 55,000 Joy, Capital $

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