The admission of johns as a new partner


Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of Johns as a new partner would include?

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Accounting Basics: The admission of johns as a new partner
Reference No:- TGS0717059

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