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In Blossom partnership, capital balances are Daniel $41,600 and Mark $52,000. The partners share income equally. George is admitted to the firm with a
In Blossom partnership, capital balances are Daniel $41,600 and Mark $52,000. The partners share income equally. George is admitted to the firm with a 45% interest by an investment of cash of $60,320. Journalize the admission of George. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles Oct. 1 Debit Credit
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