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Sale of a Partnership Interest ( Points) The Frank & Lloyd Partnership capital balances at 12/31/20 are as follows: - Frank Capital $54,000 -Lloyd Capital

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Sale of a Partnership Interest ( Points) The Frank & Lloyd Partnership capital balances at 12/31/20 are as follows: - Frank Capital $54,000 -Lloyd Capital $22.000 With Frank's permission, Lloyd sells half on his capital interest in the partnership to Wright for $18,000 REQUIRED: Record the journal entry for the sale to Wright

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