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QS 12-7 Partner admission through purchase of interest LO P3 Steln agrees to pay Chol and Amal $8,600 each for a one-third (33 13%) Interest
QS 12-7 Partner admission through purchase of interest LO P3 Steln agrees to pay Chol and Amal $8,600 each for a one-third (33 13%) Interest in the Chol and Amal partnership. Immediately prior to Steln's admission, each partner had a $25,800 capital balance. Prepare the journal entry to record Stein's purchase of the partners' Interest. View transaction list Journal entry worksheet 1 Record Stein's purchase of one-third interest by paying Choi and Amal's $8,600 each. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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