Illustrate what amount did zell contribute to the business

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Reference no: EM13123867

Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted Zell to a 30% interest in the partnership, and the total amount of goodwill credited to the original partners was $700. What amount did Zell contribute to the business?

Reference no: EM13123867

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