0 Required information Part 1 of 7 The following information applies to the ques

Question

0 Required information Part 1 of 7 The following information applies to the questions displayed below. Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $200,000, Merina's capital is $160,000, and they share income in a ratio of 3:2, respectively. 5.88 points Skipped Required: Record Wayne's admission for each of the following independent situations a. Wayne directly purchases half of Merina's investment in the partnership for $99,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook

Explanation / Answer

a)wayne purchases half of the merinas investment for $99,000

merina,capital $80,000

wayne ,capital $80,000

since this was only asked in question

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