Stein agrees to pay Choi and Amal $$8,100$ each for a one$-$third $(\frac{331}{3}\%)$ interest in the Choi and Amal partnership. Immediately prior to Stein's admission, each partner had a $$24,300$ capital balance.

Prepare the journal entry to record Stein's purchase of the partners' interest.

Journal entry worksheet

A

Record Stein's purchase of one$-$third interest by paying Choi and Amal's $$8,100$ each.

Note: Enter debits before credits.

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