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02-01-2023
Mathematics

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Pharoah Co. Capital balances are: Barr $30,400, Croy $25,000, and Eubank $24,500. The partners share income equally. Tovar is

admitted to the firm by purchasing one-half of Eubank's interest for $10,000.

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Journalize the admission of Tovar to the partnership. (Credit account titles are automatically indented when amount is entered. Do not

indent manually. )

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Debit

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