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Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and that of Stuart is $83,000. Bobbi sells his interest in the partnership
Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and that of Stuart is $83,000. Bobbi sells his interest in the partnership to John for $63,000. The journal entry for the admission of John as a new partner would include a credit to Oa. John's capital account for $40,000 and a credit to Starr's capital account for $83,000 Ob. John's capital account for $40,000 Oc. Stuart's capital account for 561,500 Od. John's capital account for $63,000
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