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Business, 06.03.2022 15:10 briannaaaa30

The capital accounts for Hannah Henry and Kelly Hu have balances of $140,000 and $90,000, respectively. LeAnne Oswalt and Jen Paddock are admitted to the partnership. Oswalt purchases
one-fifth of Henry's interest for $35,000 and one-fourth of Hu's interest for $22,000. Paddock
contributes $75,000 cash to the partnership for which she receives an ownership equity of
$75,000. What is the balance in Oswalt's equity account following this transaction?
No bonus was involved in the transactions.

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