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Capital balances in midway co are messer 40000 isch 30000

1. Capital balances in Midway Co. are Messer $40,000, Isch $30,000, and Denny $18,000. Messer and Isch each agree to pay Denny $12,000 from their personal assets. Messer and Isch each receive 50% of Denny's equity. The partners share income equally. Journalize the withdrawal of Denny.

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Accounting Basics: Capital balances in midway co are messer 40000 isch 30000

Reference No:- TGS01516185

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