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hello in this lecture we will be working with a problem with a partnership where one partner is selling the partnership interest either to another individual another partner or selling it to the partnership itself were gonna have a couple scenarios we have three scenarios that we will work through on this were gonna have the information for the problem on this side we will then input that information into a worksheet here then well put that information into a journal entry see what the journal entry would be related to these transactions and then have a trial balance that will post those journal entries and see what happens in relation to other accounts we have a very simplified trial balance so we can concentrate of course on the capital accounts in our partnership so we have assets here we have our liabilities the capital accounts of where were gonna focus they will populate once we start to enter information into this worksheet then weve got revenue and expenses down here were