Business, 10.02.2020 23:57 eddy2616

The capital accounts of trent henry and tim chou have balances of $165,000 and $118,800, respectively. leanne gilbert and becky clarke are to be admitted to the partnership. gilbert buys one-fifth of henry's interest for $38,000 and one-fourth of chou's interest for $26,100. clarke contributes $40,300 cash to the partnership, for which she is to receive an ownership equity of $40,300.

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The capital accounts of trent henry and tim chou have balances of $165,000 and $118,800, respectivel...