chapter 12 s12-8

Save Homework: Chapter 12 Homework Score: 0 of 1 pt 2 of 3 (1 complete) S12-8 (similar to) HW Score: 25%, 0.75 of 3 pts I Question Help East and Hawk have partner capital balances of $228,000 and $172,000, respectively. East receives 70% of profits and losses, and Hawk receives 30% Assume Parker contributes $100 000 to acquire a 25% interest in the new partnership of East, Hawk, and Parker Requirements 1. Calculate Parker's capital in the new partnership 2. Joumalize the partnership's receipt of cash from Parker Requirement 1. Calculate Parker's capital in the new partnership Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Choose from any list or enter any number in the input fields and then click Check Answer. remaining Clear All Check Answer Save Homework: Chapter 12 Homework Score: 0 of 1 pt 2 of 3 (1 complete) S12-8 (similar to) HW Score: 25%, 0.75 of 3 pts Question Help East and Hawk have partner capital balances of $228,000 and $172,000, respectively East receives 70% of profits and losses, and Hawk receives 30%. Assume Parker contributes $100 000 to acquire a 25% interest in the new partnership of East, Hawk, and Parker Requirements 1. Calculate Parker's capital in the new partnership 2. Journalize the partnership's receipt of cash from Parker Contribution of new partner Partnership capital after admission of now partner Capital of now partner Bonus to Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer I remaining 829 PM