Required A Required B Required C If no goodwill or bonus is recorded, how much must...

Transcribed Image Text:

Required A Required B Required C If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest? Note: Do not round intermediate calculations. Elan must invest Required A Required B Required C Prepare journal entry for the admission of Elan if she invests $81,300 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 field. Do not ro intermediate calculations. View transaction list Journal entry worksheet > A Record Elan's investment of $81,300 for a 20 percent interest. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal Show Required A Required B Required C Prepare journal entry for the admission of Elan if she invests $201,000 for a 20 percent interest. Total capital will be $637,000; the partners use the bonus method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. View transaction list Journal entry worksheet > A Record Elan's investment of $201,000 for a 20% interest given the total capital is $637,000. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal > Show less Required A Required B Required C If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest? Note: Do not round intermediate calculations. Elan must invest Required A Required B Required C Prepare journal entry for the admission of Elan if she invests $81,300 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 field. Do not ro intermediate calculations. View transaction list Journal entry worksheet > A Record Elan's investment of $81,300 for a 20 percent interest. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal Show Required A Required B Required C Prepare journal entry for the admission of Elan if she invests $201,000 for a 20 percent interest. Total capital will be $637,000; the partners use the bonus method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. View transaction list Journal entry worksheet > A Record Elan's investment of $201,000 for a 20% interest given the total capital is $637,000. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal > Show less