Mintz agrees to pay Bogg and Meyer $10,000 each for a one-third (33/4%) interest in the Bogg
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Mintz agrees to pay Bogg and Meyer $10,000 each for a one-third (33/4%) interest in the Bogg and Meyer partnership. Immediately prior to Mintz’s admission, each partner had a $30,000 capital balance. Make the journal entry to record Mintz’s purchase of the partners’ interest.
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Related Book For
Fundamental Accounting Principles
ISBN: 9780072946604
17th Edition
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
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