Stein agrees to pay Choi and Amal $$9,000$ each for a one$-$third $(\frac{331}{3}\%)$ interest in the Choi and Amal partnership. Immediately pI to Stein's admission, each partner had a $$27,000$ 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 $$9,000$ each.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,$Accounts payable,$36,800,],[,$Accounts receivable,,$36,800],[,$Accumulated depreciation$-$Building,,$],[,$Accumulated depreciation$-$Equipment,,$],[,,,]]$

Complete the necessary journal entry by selecting the account names from the drop$-$down menus and entering the dollar amounts in the debit or credit columns.

Journal entry worksheet

$1$

On January $1$ Providence, Inc., issues $$1,000,000$ of $10$ percent, $5-$year bonds at par value.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Jan $01,,,],[,,,],[,,,],[,,,],[,,,]]$