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EX 12-12 Admitting new partner with bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscain Jenkins and Tanner shared profits and losses

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EX 12-12 Admitting new partner with bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscain Jenkins and Tanner shared profits and losses equally. After all the tangibie and La been adjusted to current market prices, the capital accounts of Cody Jenk as expetir Tanner have balances of $78,000 and $46,000, respectively. Valeria Solano with using the computer to prepare landscape designs, cost estimates, ae nt Jenkins and Tanner deem these skills useful; thus, Solano is admitted to the at a 30% interest for a purchase price of $32,000. and renderni a. Determine the recipient and amount of the partner bonus b. Provide the journal entry to admit Solano into the partnership. c. Why would a bonus be paid in this situation

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