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Disney Partners is run by Mickey and Goofy. Mickey has $100,000 in capital while Goofy...

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Accounting

Disney Partners is run by Mickey and Goofy. Mickey has $100,000 in capital while Goofy has $75,000 in capital.

Donald wants to join the partnership and offers $90,000 for a 1/3 ownership interest

Make the appropriate journal entry to admit Donald:

Assume instead Donald only offers $40,000; make the new appropriate journal entry

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