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Disney Partners is run by Mickey and Goofy. Mickey has $100,000 in capital while Goofy has $75,000 in capital. Donald wants to join the partnership
Disney Partners is run by Mickey and Goofy. Mickey has $100,000 in capital while Goofy has $75,000 in capital.
Donald wants to join the partnership and offers $90,000 for a 1/3 ownership interest
Make the appropriate journal entry to admit Donald:
Assume instead Donald only offers $40,000; make the new appropriate journal entry
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