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The Field, Brown & Snow are partners and share income and losses equality. The partner...

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Accounting

The Field, Brown & Snow are partners and share income and losses equality. The partner decide to liquidate the partnership when their capital balances are as follows: Field, $130,800; Brown, $167,100; and Snow, $153,800. On May 31, the liquidation resulted in a loss of $406,200.

1. Compute the capital account balance of each partner after the loss from liquidation is allocated. (Losses and negative capital balances, if any, should be entered with a minus sign.)

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1. Compute the capital account balance of each partner after the loss from liquidation is allocated. (Losses and negative capital balances, if any, should be entered with a minus sign.)

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