Question: Question 14 --/5 View Policies Current Attempt in Progress In Sandhill partnership, capital balances are Irey $46,400 and Pedigo $58.000. The partners share income equally.

Question 14 --/5 View Policies Current Attempt in Progress In Sandhill

Question 14 --/5 View Policies Current Attempt in Progress In Sandhill partnership, capital balances are Irey $46,400 and Pedigo $58.000. The partners share income equally. Vernon is admitted to the firm with a 45% interest by an investment of cash of $67.280. Journalize the admission of Vernon. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Oct. 1 I (To record purchase of interest.)

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