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hello in this lecture were going to talk about partnerships and were going to talk about the selling of a partnership interest we will be able to describe the process of selling a partnership interest create the journal entry to record the sale of a partnership interest define the effect of journal entry to sell a partnership interest on the trial balance accounts and explain the effect on the capital counts of selling a partnership interest all right so now were going to do the same thing however this time were going to have b sells the capital partnership interest to the partnership however theyre only going to pay 50 000 this time so same idea except the exchange will be the 50 000 so is cash affected yeah its going to go down by the 50 000 in this case so if we take a look at that then lets go through the journal entry see what we can do where we run into a problem then do the calculations so cash is cash affected yeah its going down we the partnerships pain be for the par
