Question
Biz Partnership allows partner Mandy to sell her $100,000 equity in the partnership to Brittney. Brittney pays Mandy $85,000. Record the partnership's journal entry
Biz Partnership allows partner Mandy to sell her $100,000 equity in the partnership to Brittney. Brittney pays Mandy $85,000. Record the partnership's journal entry for the sale of Mandy's interest to Brittney on September 30. View transaction list Journal entry worksheet < Record the admission of Brittney as a partner who will pay Mandy $85,000 for her share of equity of $100,000. Note: Enter debits before credits. Date September 30 General Journal Debit Credit
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
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