5. New Partner Admitted to Existing Partnership Bugs Bunny is admitted into an existing partnership. The three original partners are Elmer Fudd, Daffy Duck and Marvin Martian. They have capital account balances of 100K, 160K, and 200K respectively, and the existing profit/loss agreement is 1:2:3. Mr. Bunny contributes 120K to the partnership. Prepare journal entries for each of the unrelated assumptions: a) b) c) Mr. Bunny gets a 25% interest in the partnership Mr. Bunny gets a 40% interest in the partnership Mr. Bunny gets a 20% interest in the partnership 6. Partner withdrawal from Partnership (retirement, death, etc.)