3. MARIA AND SHAKIRA HAVE A CAPITAL OF $50,000 AND $45,000, HAVE OPERATED A SUCCESSFUL...
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Accounting
3. MARIA AND SHAKIRA HAVE A CAPITAL OF $50,000 AND $45,000, HAVE OPERATED A SUCCESSFUL FIRM FOR MANY YEARS, SHARING NET INCOME AND NET LOSSES EQUALLY. TOM IS TO BE ADMITTED TO THE PARTNERSHIP FOLLOWING AGREEMENT: 1. TOM IS TO CONTRIBUTED $70,000 CASH TO THE PARTNERSHIP FOR A TOTAL OWNERSHIP EQUITY OF 40%. 2. 12% OF INTEREST OF CAPITAL ENDING BALANCES 3. PREPARE THE JOURNAL ENTRY. 4. JOSE AND JESUS HAVE A CAPITAL OF \$100,000 AND \$80,000,SHARING NET PARTNERSHIP ON JULY 1 2022, IN ACCORDANCE WITH THE FOLLOWING 1. JUAN IS TO CONTRIBUTED $40,000 CASH TO THE PARTNERSHIP FOR A TOTAL OWNERSHIP EQUITY OF 25\%. \$14,000. PRRE THE JOURNAL ENTRY
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