What journal entry is made by the partnership to record
Problem
Jill Parsons purchases for $73,440 Jamar's interest in the Tholen-Jamar partnership. Assuming that Jamar has a $69,360 capital balance in the partnership, what journal entry is made by the partnership to record this transaction?
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Assuming that Jamar has a $69,360 capital balance in the partnership, what journal entry is made by the partnership to record this transaction?
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