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Myles Etter and Crystal Sentori are partners who share in the income equally and have capital balances of 5150,000 and $63,000; respectively, Etter, with the
Myles Etter and Crystal Sentori are partners who share in the income equally and have capital balances of 5150,000 and $63,000; respectively, Etter, with the consent of Santori, sells one-third of his interest to Lonnie Davis. a. What entry is required by the partnership if the sales price is 540,000 ? If an amount box does not require an entry, leave it blank. Feodsake F checkMy Wow a. The sales price is not a partnerthip transaction, but a private transaction between the two partners. b. What entry is required by the partnership if the sales price is 560,000 ? If an amount box does not require an entry, ileave it biank, x
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