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Three Patties ownod a Consuhing Patrenhp wht the followng information on tume 30 .h. 2020 Perther 1. 40% lnserest and profit sharng and a Caphal

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Three Patties ownod a Consuhing Patrenhp wht the followng information on tume 30 .h. 2020 Perther 1. 40\% lnserest and profit sharng and a Caphal Accoum Balanco of $40,000 Parther 2. 40\% lnterest and proen thanng a Captal Account Balance of 840,000 Parther 3. 20he therest and proth shanng and a Capital Acoount Balance of 520,000 REQURREO Foc eabh of the lollowing independent shaboon, propare the required Joumal Entries on June 30 . of the three orginal Peatners would gve up a proportionate share of their Interpst to the now Patther beeng adritted. (b) Partoe 3 Withewe trom thw Parthershe and tive Partneshp puichased the interest for $72,000 Cash the Balance Street Three Patties ownod a Consuhing Patrenhp wht the followng information on tume 30 .h. 2020 Perther 1. 40\% lnserest and profit sharng and a Caphal Accoum Balanco of $40,000 Parther 2. 40\% lnterest and proen thanng a Captal Account Balance of 840,000 Parther 3. 20he therest and proth shanng and a Capital Acoount Balance of 520,000 REQURREO Foc eabh of the lollowing independent shaboon, propare the required Joumal Entries on June 30 . of the three orginal Peatners would gve up a proportionate share of their Interpst to the now Patther beeng adritted. (b) Partoe 3 Withewe trom thw Parthershe and tive Partneshp puichased the interest for $72,000 Cash the Balance Street

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