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Business, 13.03.2022 18:30 bhenretty2458

Lydia, Doby, and Lola are in a partnership together and each have capital balances of $250,000. A new partner, John, pays Doby $200,000 directly for 100% of his interest in the new partnership, replacing him in the partnership. The journal entry on the books of the partnership to account for this transaction would be:

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Lydia, Doby, and Lola are in a partnership together and each have capital balances of $250,000. A ne...
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