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Journalize the admission of day to the partnership

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Reference no: EM131131802

1. Alpha Co. capital balances are: Ace $30,000, Bly $25,000, and Cox $20,000. The partners share income equally. Day is admitted to the firm by purchasing one-half of Cox's interest for $13,000. Journalize the admission of Day to the partnership. 

Reference no: EM131131802

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