Formation of partnership Assume that two individuals agree to form a partnership. Partner Als contributing an operating business that reports the following balance sheet Cash 55.000 Accounts payable 515.000 Receivable 10.000 Accrued liabilities 10,000 wentories 20,000 Total abilities 525,000 Total assets 535.000 Nett $10.000 Partner Bis contributing cash of $25,000. The partners agree that the initial capital of the partnership should be shared equally Prepare the jourcial entry to record the capital contributions of the partners using both the Bonus Method and the Goodwill Method Description Bonus Method Cash Receivables Debit Credit Accounts payti Accrund bite . Partner capital Goodwill Method Hochwabe inventories . Accountable Audub Per AC