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CengageNOWW2 1 Online teach x C Charlie Mcbride And lan anda n/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSe D inprogress-false Yon Haggerdorf and Sue Lee, who have ending capital balances
CengageNOWW2 1 Online teach x C Charlie Mcbride And lan anda n/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSe D inprogress-false Yon Haggerdorf and Sue Lee, who have ending capital balances of $30,000 and $60,000, respectively, agree to admit two new partne to their business on April 1, 20. Carlos Sanchez will buy 1/4 of Haggendorf's equity interest for $20,000 and 1/3 of Lee's equity interest for $25,000 directly from the partners. Carmen Della will invest $30,000 in the business for which she is to receive a $30,00 equity interest. Required: a. Prepare general journal entries showing the above transactions admitting Sanchez and Della to the partnership. If an amount box does not require an entry, leave it blank DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr. 1 3 5 Apr. 1 2 b. Calculate the ending capital belances for all four partners after the above transactions Ending capital balances as of April 1, 20- Carmen Della von Haggerdorf Sue Lee RA G Activate Windows Go to Semings to activate W
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