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Hayes is admitted to the partnership of Rivel & Naser. Prior to heradmission, the partnership books show Rivel's capital balance at $200,000 and Naser's at

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Hayes is admitted to the partnership of Rivel & Naser. Prior to heradmission, the partnership books show Rivel's capital balance at $200,000 and Naser's at $100,000 Assume Rival and Naser share profits and losses equally. Read the requirements Requirement 1, Compute each partner's equity on the books of the new partnership under the following plans, a. Hayes pays $115,000 for Naser's equally. Hayes pays Naser directly Begin by computing the partner's equity base for plan a. Hayes pays $115,000 for Naser's equity. Hayes pays Naser directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a so balance, make sure to enter "o" in the appropriate cell. Enter negative amounts with a parentheses or minus sign Plan A Hayes Plan A: Partnership capital before admission of Hayes Plan A: Effect on capital balance as a result of admission of Hayes Plan A: Partnership capital after admission of Hayes Rivel Naser Enter any number in the edit fields and then click Check Answer 5 parts remaining Clear All Check Answer i Requirements - X 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hayes pays $115,000 for Naser's equity. Hayes pays Naser directly. b. Hayes contributes $100,000 to acquire a 1/4 interest in the partnership c. Hayes contributes $130,000 to acquire a 1/4 interest in the partnership. 2. Journalize the entries for admitting the new partner under plans a, b, and c. a Print Done

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