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Show journal entries for demi being admitted

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Reference no: EM13342503

Demi Tryon was admitted to ABC. This was for $45,000 for a 30% interest on July 1, 2013.

The partners' balances in the capital accounts in the beginning were:


A: 27,000
B: 30,000 C: 14,000

Goodwill method is used.

Show journal entries for Demi being admitted into the partnership.

Reference no: EM13342503

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