Current Attempt in Progress Pharoah Co. capital balances are: Barr $30,400, Croy $25,000, and Eubank $24,500. The partners share income equally. Tovar is

admitted to the firm by purchasing one-half of Eubank's interest for $10,000.

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Journalize the admission of Tovar to the partnership. (Credit account titles are automatically indented when amount is entered. Do not

indent manually.)

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Account Titles and Explanation

Debit

Credit

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