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Prepare General Journal entries to record the entry of Dent

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Question - Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $86,000; Acker, $71,000; and Benton, $149,000. The partners share profits and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions:

a. Dent invests $102,000:

b. Dent invests $73,000:

c. Dent invests $133,000:

Reference no: EM132858730

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