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Prepare the october journal entry for the partnership

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Question - J. Marie has a capital balance of $106,000 and M. Albert has a capital balance of $94,000 in their partnership as of September 30. On October 1, Marie sells one-half of her partnership interest to R. Dennis for $60,000 cash. Albert agrees to accept Dennis as a new partner. Prepare the October 1 journal entry for the partnership by selecting the account names and dollar amounts from the drop-down menus.

Reference no: EM132221293

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