please complete for plan C then journalize entries for the new partner under plans A, B, and C

Hayes is admitted to the partnership of Reason & Novak Prior to her admission, the partnership books show Reason's capital balance at $120.000 and Novak's at 500,000. Assume Reason and share profits and losses equally Read the requirements Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans a. Hayes pays $105,000 tor Novak's equity Hayes pays Novak drectly Begin by computing the partner's equity base for plan a. Hayes pays $105,000 for Novak's equity Hayes pays Novak drectly (Enter a share for each partner Complete all amwer bous. For a with a 50 balance, make sure to enter "U" in the appropriate cel Enter negative amounts with a parentheses or minunan) Plan A Novak Hayes Plan A: Partnership capital before admission of Hayes s Reason 120.000 0 0 00.000 160.000) $ 00 000 Plan A: Effect on capital balance as a result of admission of Hayes $ 120,000 0 60.000 Plan A: Partnership capital after admission of Hayes b. Hayes contributes $60,000 to acquire a 1/4 interest in the partnership Compute each partner's equity. (Enter a share for each partner Complete all answer boxes For accounts with a 50 balance make sure to enter "0" in the appropriate cel) Novak Plan B Reason $ Hayes 00.000 Plan B: Parti ship capital before admission of Hayes 0 S Plan B: Effect on capital balance as a result of admission of Hayes S 60.000 Plan B: Partnership capital after admission of Hayes 120,000 120,000 0 10,00 60 000 Hayes is admitted to the partnership of Reason & Novak Prior to her admission, the partners share profits and losses equally Read the requirements 120,0 Plan A: Partnership capital after admission of Hayes b. Hayes contributos $60 000 to acquiero a 1/4 interest in the partnership Compute each part make sure to criter "0" in the appropriate cet) Plan B Reason 120,0 Plan B: Partnership capital before admission of Hayes S $ Plan B: Effect on capital balance as a result of admission of Hayes 1204 Plan B: Partnership capital after admission of Hayes c. Hayes contributes $115,000 to acquire 1/4 interest in the partnership Compute each part make sure to enter "0" in the appropriate cell) Plan C Reason Plan C: Partnership capital before admission of Hayes Plan C: Effect on capital balance as a result of admission of Hayes. Plan C: Partnership capital after admission of Hayes 120,000 Requirements 1. Compule each partner's equly on the books of the new partnership under the following plans a Hayes pays $105,000 for Novak's equity Hayes pays Novak directly b. Hayes contributes $60,000 to acquire a 1/4 interest in the partnership c Hayes contributes $115,000 to acquire a 1/4 interest in the partnership 2. Joumalize the entries for admitting the new partner under plans a band Print Done Novak 60,000 Hayes