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QUESTION
Kara Ries, Tammy Bax and Joe Thomas invested $80,000, $112,000 and $128,000 respectively in a partnership. During its first calendar year, he firm...
the partners’ beginning capital investments and sharing the remainder equally.
Account Title1 Income SummaryRies CapitalBax CapitalThomas Capital DebitCredit$249,000$83,000$83,000$83,000 2Income SummaryRies CapitalBax CapitalThomas Capital $ 3 Income Summary...