Question: Please do A, B and C In the GMP partnership (to which Elan secks admittance), the capital balances of Mary, Gene, and Pat, who share

Please do A, B and C Please do A, B and C In the GMP partnership (to

which Elan secks admittance), the capital balances of Mary, Gene, and Pat,

who share income in the ratio of 6:3:1, are Required: o. If

no goodwill or bonus is recorded, how much must Elan invest for

In the GMP partnership (to which Elan secks admittance), the capital balances of Mary, Gene, and Pat, who share income in the ratio of 6:3:1, are Required: o. If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest? b. Prepare journal entry for the admission of Elan if she invests $80,200 for a 20 percent interest and goodwill is recorded. c. Prepare journal entry for the admission of Elan il she invests $202.000 for a 20 percent interest. Total capital will be $666,000; the pattners use the bonus method. Complete this question by entering your answers in the tabs below. If no gositwill or konus is recorded, how much merst flat inwert for a one-thid interest? Noter Do not round batermindtath calculatones. Prepare joumal entry for the admission of Elan if she invests $80,200 for a 20 percent interest and goodwill is recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Do not round intermediate calculations. Journal entry worksheet Record Elan's investment of $80,200 for a 20 percent interest. Nate: Enker debits before credits. Prepare journal entry for the admission of Elan if she invests $202, 000 for a 20 percent interest. Total capital will be $666,000; the partners use the bonus method. Wote: If no entry is required for a transaction/event, select. No journat entry required" in the first account field. Do hot round intermediate calculationsi Show less a Journal entry worksheet Record Elan's investment of $202,000 for a 20% interest given the total capital is $666,000. Note: Enter debits before credits

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