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Admitting New Partner With Bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally.

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Admitting New Partner With Bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible to have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $42,000 and $55,000, respectively. Valeria Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings Jenkins and Tanner deem these skills useful; thus, Solaris admitted to the partnership at 30 interest for a purchase price of $26,000 a. Determine the recipient and amount of the partner bonus. b. Provide the journal entry to admit Solano into the partnership. For a compound transaction, if an amount box does not require an entry, leavet blank c. Why would a bonus be paid in this situation? offered by Solano Apparently, Jenkins and Tanner value

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