If TLM receives a 30

If TLM receives a 30 - EAM, Capital 50,000 Total Existing...

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If TLM receives a 30% interest for his $30,000 investment, TLM's capital account would be credited  for $45,000. Existing Capital MJM, Capital $ 70,000
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Unformatted text preview: EAM, Capital 50,000 Total Existing Capital 120,000 Add: TLM Investment 30,000 New Capital Balance 150,000 TLM Ownership % 30 % TLM, Capital $ 45,000...
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