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Kristin Anastra and Jesse Turnbull Agreed on September 1 to Go

Question 75

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Kristin Anastra and Jesse Turnbull agreed on September 1 to go into business as partners. According to the agreement, Anastra is to contribute $80,000 cash and Turnbull is to contribute $75,000 casH.Required:
Provide a separate journal entry for the investment of each partner. Kristin Anastra and Jesse Turnbull agreed on September 1 to go into business as partners. According to the agreement, Anastra is to contribute $80,000 cash and Turnbull is to contribute $75,000 casH.Required: Provide a separate journal entry for the investment of each partner.

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