K. Boo-jin has a 41,000 capital balance in a partnership (amounts in thousands). She sells her interest

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K. Boo-jin has a ¥41,000 capital balance in a partnership (amounts in thousands). She sells her interest to P. Beom-Su for ¥45,000 cash. What entry is made by the partnership for this transaction?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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