Question: Instructions Gee's interest for $ 6 5 , 0 0 0 . Loren Rothman contributes $ 1 2 5 , 0 0 0 cash to

Instructions Gee's interest for $65,000. Loren Rothman contributes $125,000 cash to the partnership, for which she is to receive an ownership equity of $125,000.
a. On December 31, journalize the entries to record the admission of (1) Darcey Lind and (2) Loren Rothman.
b. What are the capital balances of each partner after the admission of the new partners?
Instructions Gee's interest for $65,000. Loren Rothman contributes $125,000 cash to

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