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Jules and Johnson are partners, each with $33,400 in their partnership capital accounts. Kwon is admitted to the partnership by investing $33,400 cash 19 Prepare
Jules and Johnson are partners, each with $33,400 in their partnership capital accounts. Kwon is admitted to the partnership by investing $33,400 cash 19 Prepare the entry to show Kwon's admission to the partnership 6 View transaction list points 01:22:00 Journal entry worksheet K A Record the admission of Kwon with an investment of $33,400. Note: Enter debits before credits. Transaction Credit General Journal Debit 1 Record entry Clear entry View general journal Stein agrees to pay Choi and Amal $22,100 each for a one-third (33 1/3%) interest in the Choi and Amal partnership. Immediately prior to Stein's admission, each partner had a $66,300 capital balance. 20 Prepare the journal entry to record Stein's purchase of the partners' interest. View transaction list points 01:21:56 Journal entry worksheet A Record Stein's purchase of one-third interest by paying Choi and Amal's $22,100 each Note: Enter debits before credits. Transaction General Journal Credit Debit 1 Record entry Clear entry View general journal
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