In Novak Co., capital balances are Adrienne $62,500 and Dino $77,000. The partners share income equally. Javier is admitted to the firm with a 40% interest by an investment of cash of $85,000.

Journalize the admission of Javier. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

Account Titles and Explanation	Debit	Credit
	enter a debit amount	enter a credit amount
	enter a debit amount	enter a credit amount
	enter a debit amount	enter a credit amount
	enter a debit amount	enter a credit amount

Answer rating: 100% (QA)

Date Account Dr Cr Cash 85000 ... View the full answer