Abby and bailey are partners who share income in the ratio of 2: 1 and have capital balances of $60,000 and $30,000, respectively. with the consent of bailey, sandra buys one-half of abby's interest for $35,000. for what amount will abby's capital account be debited to record admission of sandra to the partnership?
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Abby and bailey are partners who share income in the ratio of 2: 1 and have capital balances of $60,...
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