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72 OTHER Sonny Shade, Roni Rain, and Chloe Cloud form the Stormy Season partnership. Sonny has a capital balance of $200,000; Roni $300,000; and 73

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72 OTHER Sonny Shade, Roni Rain, and Chloe Cloud form the Stormy Season partnership. Sonny has a capital balance of $200,000; Roni $300,000; and 73 Chloe $600,000. They invite Sal Pond to join the partnership for $100,000 for a 1/6 Interest. 75 1. Give the entry to record the new partner. 76 2. Now assume that Sal paid $200,000 for a 1/10 Interest. Give the entry. 77 3. Now assume that Sal bought out Sonny's interest for $150,000. Give the entry. GENERAL JOURNAL POST REF. Account/Description Debit Credit ALL

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