Question: FULL SCREEN PRINTER VERSION Question 22 The Gant and Morris Partnership have partner capital account balances as follows: Gant, Capital $252,000 Morris, Capital 84,000 The

 FULL SCREEN PRINTER VERSION Question 22 The Gant and Morris Partnership

FULL SCREEN PRINTER VERSION Question 22 The Gant and Morris Partnership have partner capital account balances as follows: Gant, Capital $252,000 Morris, Capital 84,000 The partners share profit and losses in the ratio of 6:4. Prepare the journal entry on the books of the partnership to record the admission of Lars as a new partner if Lars pays $141,000 to Gant and $51,000 to Morris for one-half of each of interest in a personal transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit 1 LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor SAVE FOR LATER SUBMI Attemptsio of 15 used

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