Answer the following requirements with computations:

Partnership Formation 25 Requirements: a. Provide the compound journal entry to record the partner's contributions. b. Provide the simple journal entries to record the partner's contributions. Variation to bonus method - additional investment/withdrawal 5. Use the information in problem '1'. However, assume that the partners agreed to have their capital accounts initially credited at equal amounts. A partner shall provide additional investment (or withdraw part of his investment) in order to equalize the balances of the partners' capital accounts. Requirement: Which partner shall make an additional investment and which partner shall withdraw part of his/her investment