Jell and dell were partners with capital balances of 600


Question - 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?

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Accounting Basics: Jell and dell were partners with capital balances of 600
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