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Admitting New Partner With Bonus interest for a purchase price of $$32,000.$

a$.$ Determine the recipient and amount of the partner bonus.

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$x$ Valeria Solano $$

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T Check My Work the current partners. If the new partner's share of the capital exceeds the contribution, the bonus goes to the new partner.

b$.$ Provide the journal entry to admit Solano into the partnership. If an amount box does not require an entry, leave it blank.

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