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2-Kahn retires from the Partnership of Kahn,Bean,and johnson.The Partners share profits and losses in the ratio of 4:3:3.Kahn's capital
is $50,000, and he receives $65,000 in the final settlement.What is the effect on the capital accounts of Bean and Johnson?
a)Make the journal entry to record the retirement of Kahn the Partnership.
Submitted: 1202 days and 22 hours ago.
Category: Tax
Value: $9
Status: AWAITING EXPERT REPLY
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boston, Massachusetts
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