Question: This question: 1 point(s) possible Submit Talia and Joann are partners with Capital balances of $25,000 and $78,000, respectively. They share profits and losses in
This question: 1 point(s) possible Submit Talia and Joann are partners with Capital balances of $25,000 and $78,000, respectively. They share profits and losses in a 30.70 ratio. Talia and Joann admin Pauline to a 15 percent interest in a new partnership when Pauline invests $10,000 in the business. Journalize the partnership's receipt of Phyllis's investment First compute the bonus to Talia and Joann. What is the Capital before admitting Phyllis to the partnership? Talia, Capital Joann, Capital Total Capital before admittance What is the capital balance after admitting Phyllis to the partnership? Partnership Capital before admittance Pauline's investment in the partnership Partnership capital after Pauline is admitted Now calculate the bonus to Pauline. Total Capital X Percent % = Pauline's portion X % = *** Total Capital X X Percent % = Pauline's portion % = www Now calculate the bonus to Pauline from her addition. Pauline's portion Less Pauline's investment Bonus to the new partner Journalize the partnership's receipt of Pauline's investment. (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest dollar.) Date Journal Entry Account Debit Credit
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