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14 of 26 (0 complete) This lest: 100 pls po Brett and Gregory have partner Capital balances of $182,000 and $148,000, respectively. Brett gets 70
14 of 26 (0 complete) This lest: 100 pls po Brett and Gregory have partner Capital balances of $182,000 and $148,000, respectively. Brett gets 70 percent of profits and losses, and Gregory gets 30 percent Assume Matthews invests $88,500 to acquire a 20 percent interest in the new partnership of Brett, Gregory, Matthews. Is there a bonus? If so, who gets it? Journal the partnership's receipt of cash from Matthews on April 17 Use the following table to show who, if anyone, will get a bonus. (Round final answers to the nearest whole dollar.) Partnership capital before Matthews is admitted Matthews's investment in the partnership Partnership capital after Matthews is admitted Matthews's capital in the partnership Bonus to Journalize the partnership's receipt of cash from Matthews on April 17. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Round final answers to the nearest dollar.) Journal Entry Date Accounts Debit Credit Apr 17
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