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Admitting New Parthers Myles Etter and Crystal Santori are parthers who share in the income equally and have capital balances of $210,000 and $88,000, respectively.

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Admitting New Parthers Myles Etter and Crystal Santori are parthers who share in the income equally and have capital balances of $210,000 and $88,000, respectively. Etter, with the consent Santori, seils one-third of his interest to Lonnie Davis: a. What entry is required by the partnership if the sales price is $60,000 ? If an amount box does not require an entry, leave it blank. Fedbar T Creck My Work a. The sales price is not a partncrship transaction, but a private transaction between the two partners: b. What entry is required by the partnership if the sales price is $80,000 ? If an amount box does not require an entry, leave it blank. Feedesc *cheour wen b. The sales price is not a partnership transaction, but a private transaction between the two partners

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