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Neil and Paul Formed a Partnership Business

question 157

Essay

Neil and Paul formed a partnership business. During the year, Neil and Paul withdrew $15,000 and $7,000, respectively. Provide the journal entry to close the withdrawals.


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A British-Dutch multinational corporation specializing in fast-moving consumer goods, ranging from food and beverages to cleaning agents and personal care products.

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Customer Service

The support and assistance provided by a company to those who use or buy its products and services, aiming to enhance customer satisfaction.

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A multinational computer technology company known for developing, selling, repairing, and supporting computers and related products and services.

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