Exercise 12-15 a-b Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectively. Thei
r capital balances are $117,000, $55,000, and $32,000, respectively. Assume Garrett joins the partnership by investing $81,600 for a 25% interest with bonuses to the existing partners. Prepare the journal entry to record his investment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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