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Record the admission of Brittney as a partner

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Reference no: EM132815175

Question - Biz Partnership allows partner Mandy to sell her $100,000 equity in the partnership to Brittney. Brittney pays Mandy $85,000.

Record the partnership's journal entry for the sale of Mandy's interest to Brittney on September 30.

Record the admission of Brittney as a partner who will pay Mandy $85,000 for her share of equity of $100,000.

Reference no: EM132815175

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