1.Maria and Karen each sell 1/3 of their partnership interest to Lisa, receiving $19200 each. At the time of the admission, each partner has a $57600 capital balance. The entry to record the admission of Lisa will show a

debit to Cash for $38400.

credit to Lisa, Capital for $57600.

debit to Maria, Capital for $19200.

debit to Karen, Capital for $57600.

2.Dana Karen was admitted to partnership with a 18% ownership interest after investing $21640 cash. The partnership capital before the admission of Karen was $133000. Which of the following best describes the impact on the capital accounts from this transaction?

Karen will pay a bonus of $12390 to the old partners.

Karen will receive a bonus of $12390 from the old partners.

Karen will pay a bonus of $6195 to the old partners.

Karen will receive a bonus of $6195 from the old partne