Myles Etter and Crystal Santori are partners who share in the income equally and have capital balances of 171,000 and 72,000, respectively. Etter, with the consent of Santori, Sells one-third of her interest to Lonnie Davis.

A) what entry is required by the partnership if sales price is $50,000?

B) what entry is required by the partnership if the sales price is $70,000?

Please ignore checks and xs...

a. What entry is required by the partnership if the sales price is $50,000 Cash between the two partners b. We ertry is moared by th, partnertip if the sales prce Cash x 870,000 but a private transaction between the two partners Parialy comc