Roper and Walton have partnership capital balances of $320,000 and $240,000, respectively. Walton negotiates to sell his partnership interest to Molle for $280,000. Roper agrees to accept Molle as a new partner. The partnership entry to record this transaction is

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The Answer of Roper and Walton have partnership capital balances of $320,000 and $240,000, respectively. Walton negotiates to sell his partnership interest to Molle for $280,000. Roper agrees to accept Molle as a new partner. The partnership entry to record this transaction is

Roper and Walton Have Partnership Capital Balances of $320,000 and $240,000