Immediately prior to Mintz”s admission, each partner had a $30,000 capital balance. Make the…


Question Description:

29.99

Immediately prior to Mintz”s admission, each partner had a $30,000 capital balance. Make the… 1 answer below » 1. Jones and Bordan are partners, each with $30,000 in their partnership capital accounts. Holly is admitted to the partnership by investing $30,000 cash. Make the entry to show Holly’s admission to the partnership. 2. Mintz agrees to pay Bogg and Heyer $10,000 each for a one-third (331⁄3%) interest in the Bogg and Heyer partnership. Immediately prior to Mintz’s admission, each partner had a $30,000 capital balance. Make the journal entry to record Mintz’s purchase of the partners’ interest. Jul 24 2014 07:49 AM

Answer

29.99