Mintz agrees to pay Bogg and Heyer $10,000 each for a one-third (33 13 %) interest in

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Mintz agrees to pay Bogg and Heyer $10,000 each for a one-third (33 1⁄3 %) interest in the Bogg and Heyer partnership. Immediately prior to Mintz’s admission, each partner had a $30,000 capital balance. Make the journal entry to record Mintz’s purchase of the partners’ interest.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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