A partnership of attorneys in the St. Louis, Missouri, area has the following balance sheet accounts as of January 1, 2021: Assets $ 442,000 Liabilities Athos, capital Porthos, capital Aramis, capital $ 134,000 116,000 106,000 86,000 According to the articles of partnership, Athos is to receive an allocation of 50 percent of all partnership profits and losses, while Porthos receives 30 percent, and Aramis, 20 percent. The book value of each asset and liability should be considered an accurate representation of fair value. For each of the following independent situations, prepare the journal entry or entries to be recorded by the partnership. C. D'Artagnan is allowed to become a partner with a 10 percent ownership interest by contributing $60,000 in cash directly into the business. The bonus method is used to record this admission. d. Use the same facts as in requirement (c) except that the entrance into the partnership is recorded by the goodwill method. e. D'Artagnan is allowed to become a partner with a 10 percent ownership interest by contributing $25,000 in cash directly to the business. The goodwill method is used to record this transaction. f. Aramis decides to retire and leave the partnership. An independent appraisal of the business and its assets indicates a current fair value of $400,000. Goodwill is to be recorded. Aramis will then be given the exact amount of cash that will close out his capital account. Required A Required B Required C Required D Required E Required F No Transaction General Journal Debit Credit 1 1 Cash 60,000 232,000 Goodwill 60,000 11,600 X D'Artagnan, capital Porthos, capital Aramis, capital Athos, capital 6,960 X 4,640 Required A Required B Required C Required D Required E Required F Aramis decides to retire and leave the partnership. An independent appraisal of the business and its assets indicates a current fair value of $400,000. Goodwill is to be recorded. Aramis will then be given the exact amount of cash that will close out his capital account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit 1 1 Goodwill 36,800 6,900 X Porthos, capital Aramis, capital Athos, capital 18,400 11,500 N 2 Aramis, capital 104,400 Cash 104,400