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5. Albert and Bobby are partners. Albert's capital balance is $75,000 and Bobby's capital balance is $125,000. With the partnerships approval, Bobby sells one-half of

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5. Albert and Bobby are partners. Albert's capital balance is $75,000 and Bobby's capital balance is $125,000. With the partnerships approval, Bobby sells one-half of his partnership interest to Carter for $70,000. Required: Prepare the journal entry to record this transaction in the partnership records

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