Sue and Jill,who have ending capital balances of $80,000 and $60,000 respectively,agree to admit two new partners.Carlos will buy 1/4 of Sue's interest for $20,000 and 1/3 of Jill's interest for $25,000 directly from the partners.Carmen will invest $30,000 for a $30,000 equity interest.Journalize the entry to admit Carlos and Carmen.

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The Answer of Sue and Jill,who have ending capital balances of $80,000 and $60,000 respectively,agree to admit two new partners.Carlos will buy 1/4 of Sue's interest for $20,000 and 1/3 of Jill's interest for $25,000 directly from the partners.Carmen will invest $30,000 for a $30,000 equity interest.Journalize the entry to admit Carlos and Carmen.

Sue and Jill,who Have Ending Capital Balances of $80,000 and $60,000