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Birchridge Skytop Resort is a partnership, and its owners are considering admitting Brian Rodgers as a new partner. On July 31, 2020, the Capital
Birchridge Skytop Resort is a partnership, and its owners are considering admitting Brian Rodgers as a new partner. On July 31, 2020, the Capital accounts of the three existing partners and their shares of profits and losses are as follows: Capital Profit-and-Loss Ratio Earlene Childs S 28,000 20% Anna Shaw 30,000 40% 48,000 40% Brad Hunter Required Journalize the admission of Rodgers as a partner on July 31, 2020, for each of the independent situations listed. a. Rodgers pays Hunter $71,000 cash to purchase Hunter's interest. (Record debits first, then credits. Explanations are not required.) Date Jul. 31 Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. ?
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