Sal Solan has a capital balance of $$23,000$; Sam Scott's balance is $$22,000.$ Barbara Hamlet pays $$100,000$ to purchase Scott's interest in the Solan & Scott partnership. Scott gets the full $$100,000.$

Requirements

Journalize the partnership's transaction to admit Hamlet to the partnership.

Must Solan accept Hamlet as a full partner? What rights does Hamlet have after purchasing Scott's interest in the partnership?