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The capital balances of Partners Marcus and Nelly are $70,000 and 95,000 respectively. The income sharing ratio is 50:50. The partnership agreed to admit Odell

The capital balances of Partners Marcus and Nelly are $70,000 and 95,000 respectively. The income sharing ratio is 50:50. The partnership agreed to admit Odell through Odell's investment of $35,000 for 36% interest Prepare the journal entry to admit Odell into the businessimage text in transcribed

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