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Business, 19.08.2020 18:01 wreckem

On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000. Monroe's net investment is also $10,000, but it is comprised of cash ($15,000) and a note payable reflecting a bank loan for the new business ($5,000). Required:
Record both investments in a single compound journal entry by selecting the account names and dollar amounts from the drop-down menus.

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On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selle...

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