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upton upton
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6 years ago
Prepare the journal entry to record the partners' investment in the company.

Palmer invests $3,000 cash and equipment on his books at $6,000 with accumulated depreciation of $500. The fair market value of the equipment is $6,000. Evans is investing $6,000 cash and $1,000 accounts payable.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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upton Author
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6 years ago
Thank you, thank you, thank you!
Alina01978
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Yesterday
Thanks for your help!!
jodie1
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2 hours ago
Brilliant ツ
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