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Stein agrees to pay Choi and Amal $ 6 , 3 0 0 each for a one - third ( 3 3 1 3 %
Stein agrees to pay Choi and Amal $ each for a onethird interest in the Choi and Amal partnership. Immediately prior to Stein's admission, each partner had a $ capital balance.
Prepare the journal entry to record Stein's purchase of the partners' interest.
Journal entry worksheet
A
Record Stein's purchase of onethird interest by paying Choi and Amal's $ each.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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