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S12-6 please show your work S12-6 (similar to) Question Help Sweeney has a capital balance of $20,000; Smith's balance is $22,000. Harrett pays $00,000 to

S12-6 please show your work image text in transcribed
S12-6 (similar to) Question Help Sweeney has a capital balance of $20,000; Smith's balance is $22,000. Harrett pays $00,000 to purchase Smith's interest in the Sweeney & Smith partnership. Smith receives the full $00,000. Read the requirements Requirement 1. Journalize the partnership's transaction to admit Harrett to the partnership (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit * Requirements 1. Journalize the partnership's transaction to admit Harrett to the partnership 2. Must Sweeney accept Harrett as a full partner? What rights does Harrett have after purchasing Smith's interest in the partnership? Print Done Choose from any list or enter any number in the input fields and then click Check Answer Check Answer 1 part Clear All I remaining

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