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Part A. Alberts and Bartle are partners. On October 1, Alberts capital balance is $75,000, and Bartles capital balance is $125,000. With the partnership's approval,

Part A. Alberts and Bartle are partners. On October 1, Alberts capital balance is $75,000, and Bartles capital balance is $125,000. With the partnership's approval, Bartle sells of his partnership interest to Cameron for $70,000. Prepare the journal entry to record this transaction in the partnership records.

Part B. What happens to the additional cash Cameron paid to Bartle for his share in the partnership?

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