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Kim Ries, Tere Bax, and Josh Thomas invested $45,000, $63,000, and $72,000, respectively, in a...

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Accounting

Kim Ries, Tere Bax, and Josh Thomas invested $45,000, $63,000, and $72,000, respectively, in a partnership. During its first calendar year, the firm earned $126,500.

Prepare the entry to close the firm

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