Bob Fuller buys into the partnership of Graff and Harrell by purchasing a one-third interest for ($
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Bob Fuller buys into the partnership of Graff and Harrell by purchasing a one-third interest for \(\$ 55,000\). Prior to Fuller's entry, Ted Graff's capital balance was \(\$ 46,000\) and Lena Harrell's balance was \(\$ 52,000\). The entry to record Fuller's buying into the business is (p. 531)
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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