2 24. Assume that Partners A and B each report a Capital Account of $280,000. Partner C wants to join the partnership as an equal one-third partner in consideration for a payment to the partnership of $160,000 cash and a parcel of land valued at $90,000. Record the journal entry on the books of the partnership to 3 reflect the admission of Partner C. Assume all partners have equal ownership (based on time in question). 4 569 7 Partner A 8 9 10. 11 Partner B 280,000 280,000 Partner C is going to be a 1/3 partner by contributing $160,000 in cash and $90,000 in land. 12 A. Record any needed entry under the Bonus Method 13 14 15 16 17 18 19 B. Record any needed entry under the Goodwill Method 20 21 22 23