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Abby and Bailey are partners who share income in the ratio of 2:1 and have...

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Accounting

Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $65,500 and $28,700, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $44,000. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?

a.$28,700

b.$44,000

c.$65,500

d.$32,750

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