Question: 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,

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 Fontaine’s admission to the partnership.

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