Ramos and Briley are equal partners, with $30,000 in each of their partnership capital accounts Fontaine is admitted to the partnership on October 1, 2014, after paying $30,000 to the partnership for a one third interest Prepare the entry to show Fontaines admission to the partnership ...

2014 Oct 1 Cash 30000 Fontaine ...

Ramos and Briley are equal partners, with $30,000 in each of their partnership capital accounts. Fontaine is

Question:

Ramos and Briley are equal partners, with $30,000 in each of their capital accounts.
Fontaine is admitted to the on October 1, 2014, after paying $30,000 to the for a one-third interest. Prepare the entry to show Fontaine’s admission to the Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...