Partnership to account for this transaction would be

Reference no: EM133415755

Question: Zuko, Doby, and Lola are in a partnership together and each have capital balances of $300,000. A new partner, Gabby, pays Doby $150,000 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

Reference no: EM133415755

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Partnership to account for this transaction would be : 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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