I have no clue how to do this, help please?

timer Asked: Aug 16th, 2015

Question description

April and Cammy are partners who have agreed to admit Elena, who will invest $30,000 for a 20 percent interest. The previous capital balances were $30,000 and $60,000 for April and Cammy, respectively. April and Cammy had shared profits and losses equally.  The entry that records Elena’s admission to the partnership is:

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