Create entry to record investment in partnership


Barbara Ripley and Fred Nichols make decision to organize ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having the book value of $3,500. Create entry to record Nichols's investment in partnership, suppose equipment has the fair value of $4,000.

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Mathematics: Create entry to record investment in partnership
Reference No:- TGS0863626

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