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Lydia, James, and Lola are in a partnership together and each have capital balances of $200,000. A new partner, Shawn, pays James $250,000 directly for

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Lydia, James, and Lola are in a partnership together and each have capital balances of $200,000. A new partner, Shawn, pays James $250,000 directly for 100% of his interest in the new partnership, replacing him in the partnership. The journal entry on the books of the partnership to account for this transaction would be

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