Chpt 12 2-Current Attempt in Progress Suzy Anderson has owned and operated a proprietorship for several years. On January 1, she decides to terminate this business and become a partner in the firm of Anderson and White. Anderson's investment in the partnership consists of $11,040 in cash and the following assets of the proprietorship: accounts receivable $12,880 less allowance for doubtful accounts of $1,840, and equipment $27,600 less accumulated depreciation of $3,680. It is agreed that the allowance for doubtful accounts should be $2,760 for the partnership. The fair value of the equipment is $21,620. Journalize Anderson's admission to the firm of Anderson and White. 3-The Wildhorse Partnership reported profit of $61,200 for the year ended February 29, 2024. Salary allowances are $45,900 for H. Jackson and $25,500 for S. Martin. Interest allowances of 5% are calculated on each partner's opening capital account balance. Capital account balances at March 1, 2023, were as follows: H. Jackson $73,000 (Cr.) and S. Martin $48,000 (Cr.). Any remainder is shared equally . Calc the divisiob of profit to each partner 4-During the fiscal year ended November 30, 2024, the profit for Cullumber Partnership was $82,400. The partners, A. Martin and D. Clark, share profit and loss in a 3:5 ratio, respectively. The entry to close income summary account 7-Sunland Oil Imports is a partnership owned by Magda Moore and Giannis Anderson. The partners share profit on a 3:2 basis, respectively. On January 1, 2024, they have capital balances of $94,000 and $56,400, respectively. On that day, Magda and Giannis agree to admit lona White to the partnership in exchange for an investment of cash into the partnership. the journal entry to record the admission of White on January 1 under each of the following independent assumption 1.White invests $47,000 cash for a 30% ownership interest. This is an investment of assets. 2.White invests $84,600 cash for a 30% ownership interest. This is an investment of assets. 8-On December 31, 2024, capital balances of the partners in Wildhorse Maple are R. Allen $50,250; S. King $39,080; and T. Johnson $27,920. The partners share profit in a 5:3:2 ratio, respectively. Johnson decides that she is going to leave the partnership. Journalize the withdrawal of Johnson assuming: Allen and king bith pay jhonson 18,980 drom their personal assets to each receive 50% of jhonsons equity 9-Dale Taylor, Keith Jackson, and Issa Harrin have capital balances of $87,320, $70,560, and $5,690, respectively. They share profit or loss on a 5:3:2 basis. Jackson withdraws from the partnership on September 30 of the current year. Journalize the withdrawl of jackson under each of the following assumtptions