Problemmace and bowen are partners and share equally in, Ask an Expert

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Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $147,000 and Bowen's is $130,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $127,000 in the partnership. What is the amount credited to Kent's capital account?

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Accounting Basics, Accounting

Category:- Accounting Basics
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