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Exercise 12-10 Sale of partnership interest LO P3 Biz Partnership allows partner Mandy to sell her $109,000 equity in the partnership to Brittney. Brittney
Exercise 12-10 Sale of partnership interest LO P3 Biz Partnership allows partner Mandy to sell her $109,000 equity in the partnership to Brittney. Brittney pays Mandy $87,200. Record the partnership's journal entry for the sale of Mandy's interest to Brittney on September 30. View transaction list Journal entry worksheet > 1 Record the admission of Brittney as a partner who will pay Mandy $87,200 for her share of equity of $109,000. Note: Enter debits before credits. Date Sept 30 General Journal Debit Credit Record entry Clear entry View general journal
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