brian snow and wendy waite formed a partnership on july 1 2007 brian invested 20000 cash inventory valued at 15000/

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Required:
Prepare journal entries for each of the following events. Show computations.
1. Formation of the partnership.
2. Distribution of the net loss for the first year.
3. Admission of Alan into the partnership.
4. Distribution of the net income for the second year.
5. Withdrawal of Brian from the partnership.