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Cash $ 40, 090 Accounts Payable $150, 000 Other Assets 710, 900 Der, Capital 260, 900 Egan, Capital 180, 000 Oprins, Capital 160, 000 Total

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Cash $ 40, 090 Accounts Payable $150, 000 Other Assets 710, 900 Der, Capital 260, 900 Egan, Capital 180, 000 Oprins, Capital 160, 000 Total Assets $750, 000 Total Liabilities and Capital $750, 090 Assume that the partnership decides to admit Snider as a new partner with a 25 percent interest. f. The partners agree that total resulting capital should be $820,000 and no goodwill should be recognized. a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the admission of the partner given that the total resulting capital is $820,000

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