How to record the sale, The partners in the Biz Partnership have agreed that partner Mona, Accounting Basics

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How to record the sale

Response to the following questions:

1. The partners in the Biz Partnership have agreed that partner Mona may sell her $90,000 equity in the partnership to Seal, for which Seal will pay Mona $75,000. Present the partnership's journal entry to record the sale of Mona's interest to Seal on September 30.

2. Access Nokia's Website and research the company's history.

1. When was the company founded?

2. What three companies merged to create Nokia Corporation?

3. What are some of the companies that are part of Nokia?

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Accounting Basics: How to record the sale

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Accounting Basics: How to record the sale

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