A Christopher Alan Ritch(caritch) CA - X Share Comments X Cat Calibri AutoSum - 47 0 4 14 Conditional Formatas Cell Formatting - Table - Styles - Insert Delete Formal Sort & Find & Filter -Select- Ideas alignment Styles Ekim AutoSave CH H 2 File Home Insert Page Layout Formulas Data Review View Help Search 14 - A A === Wrap Text General P2 D E Paste Copy Format Painter BIU-B OA . Merge & Center - $ % 53-93 Clipboard Font 19 . X fix E 1 On January 1, 2016 Schiff, Schumer, Pelosi and Trump formed a partnership called PSST 2 Schiff contributed $500,000 cash 3 Schumer contributed a building which is listed on his records as $300,000 but has a fair market value of $500,000 4 Pelosi contributed a patent which has a value of $500,000 5 Trump contributed $100,000 and of course his fame from Home Alone 2 and the Apprentice 7 The agreement among the four partners is that their initial capital accounts would all be the same amount. 9 REQUIRED: 10 A) USING THE BONUS METHOD MAKE THE JOURNAL ENTRY ESTABLISHING THE PARTNERSHIP B) USING THE GOODWILL METHOD MAKE THE JOURNAL ENTRY ESTABLISHING THE PARTNERSHIP 11 cd Charti Chart4 Chart Chart2 DOLLAR EURO START RUNNING TERMINATE # 2 + 150% - Type here to search O e N O . 9 1 ENG 8:19 PM INTL 4/28/2020 os 2