Question: Stein agrees to pay Choi and Amal 10 000 each

Stein agrees to pay Choi and Amal $ 10,000 each for a one- third (331/ 3%) interest in the Choi and Amal partnership. Immediately prior to Stein’s admission, each partner had a $ 30,000 capital balance. Make the journal entry to record Stein’s purchase of the partners’ interest.


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  • CreatedNovember 26, 2013
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