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8 ) Lemon and Parks are partners. On October 1, Lemon's capital balance is $75,000, and Parks' capital balance is $125,000. With the partnership's approval,

8 ) Lemon and Parks are partners. On October 1, Lemon's capital balance is $75,000, and Parks' capital balance is $125,000. With the partnership's approval, Parks sells of his partnership interest to Tambling for $70,000. Prepare the journal entry to record this transaction in the partnership records.

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