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9. Paul has $44,000 capital and Flora has $25,000 capital in the Paul 8 Flora partnership. Paul and Flora share profits and losses nqually. Ronnie

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9. Paul has $44,000 capital and Flora has $25,000 capital in the Paul 8 Flora partnership. Paul and Flora share profits and losses nqually. Ronnie Redmond contributes cash of $28,000 to acquire a 10% interest in the new partnership. Joumalize the partnership's receipt of the $28,000 from Redimond. (Record debits first. then credits. Select the explanation on the last line of the joumal entry table.)

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