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QS 12-7 Partner admission through purchase of interest LO P3 Stein agrees to pay Choi and Amal $16,400 each for a one-third (33 73%) interest

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QS 12-7 Partner admission through purchase of interest LO P3 Stein agrees to pay Choi and Amal $16,400 each for a one-third (33 73%) interest in the Chol and Amal partnership. Immediately prior to Stein's admission, each partner had a $49,200 capital balance. Prepare the journal entry to record Stein's purchase of the partners' interest. View transaction list Journal entry worksheet Record Stein's purchase of one-third interest by paying Choi and Amal's $16,400 each. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal

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