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    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
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    Darien and Hayden Agree to Accept Kevin into Their Partnership
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Darien and Hayden Agree to Accept Kevin into Their Partnership

Question 56

Question 56

Short Answer

Darien and Hayden agree to accept Kevin into their partnership. Kevin will contribute $22,000 in cash. Prepare the journal entry to record this transaction.

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