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5. Pagan and T. Tabor share income on a 64 basis. They have capital balances of $116,000 and $51,000, respectively, when W. Wolford is

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5. Pagan and T. Tabor share income on a 64 basis. They have capital balances of $116,000 and $51,000, respectively, when W. Wolford is admitted to the partnership Prepare the journal entry to record the admission of W. Wolford under each of the following assumptions (a) Investment of $88.000 cash for a 30% ownership interest with bonuses to the existing partners. (Credit account Sites are automatically Indented when amount is entered. Do not Indent mostly) Account Titles and Explanation (b) eTextbook and Media Save for Later Debit Credit Attempts: 0 of 3 used Submit Amwer Investment of $60,000 cash for a 30% ownership interest with a bonus to the new partner. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit

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