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ask expert Admitting new partner with bonus a . Journalize the entry for the asset revaluation. If an amount box does not require an entry,

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Admitting new partner with bonus
a. Journalize the entry for the asset revaluation. If an amount box does not require an entry, leave it blank.
b. Journalize the entry for Ortiz's admission under the following independent situations:
Ortiz purchased a 20% interest for $53,000. If an amount box does not require an entry, leave it blank.
Ortiz purchased a 30% interest for $133,000. If an amount box does not require an entry, leave it blank.
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