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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 assets have been adjusted to current market prices, the capital accounts of Jenkins and Tanner have balances of $68,000 and $88,000, respectively. Valeria Solano has expertise with using the computer to prepare tandscape designs, cost estimates, and renderings, Jenkins and Tanner deem these skills useful; thus, Solano is admitted to the partnership at a 30% interest for a purchase price of $42,000. a. Determine the reciplent and amount of the partner bonus. 4 x F mediack PCoukth Wok b. Journalize the entry for the admission of Solano into the partnership, If an amount box does not require an entry, leave it blank

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