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Exercise 12-8 Sale of partnership interest LO P3 The partners In the Biz Partnership have agreed that partner Mandy may sell her $85,000 equity In
Exercise 12-8 Sale of partnership interest LO P3 The partners In the Biz Partnership have agreed that partner Mandy may sell her $85,000 equity In the partnership to Brittney, for which Brittney will pay Mandy $68,000 Prepare the partnership's Journal entry to record 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 $68,000 for her share of equity of $85,000 Note: Enter debits before credits. General Journal Date Debit Credit Sept 30 Clear entry View general journal Record entry
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