Question

L. Wade, V. Sadler, and E. Racca are partners with capital balances of $88,000, $83,000, and $69,000, respectively. Racca sells his interest in the company for $91,000 to P. Solvay. Wade and Sadler have consented to the new partner. Record the journal entry for the admission of Solvay on April 8.



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  • CreatedApril 24, 2014
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