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K Sully has a capital balance of $34,000; Saber's balance is $21,000. Harrett pays $100,000 to purchase Saber's interest in the Sully & Saber

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K Sully has a capital balance of $34,000; Saber's balance is $21,000. Harrett pays $100,000 to purchase Saber's interest in the Sully & Saber partnership. Saber receives the full $100,000. Read the requirements Requirement 1. Journalize the partnership's transaction to admit Harrett to the partnership. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date Saber, Capital Harrett, Capital

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