Hayes is admitted to the partnership of Robert & Nedia. Prior to her admission, the partnership books show Roberts capital balance at $110,000 and Nedia's at $55,000. Aaume Robert and Nedia share profits and losses equally. Read the Ensuirements Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hayes pays S06,000 fge Nedia's equity Hayes pays Nedia directly. Begin by computing the partner's equity base for plan a. Hayes pays $95,000 for Nedia's equity. Hayes pays Nedia directly (Enter a nhare for each partner. Complete al answer boxes. For accounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter negative amounts with a parentheses or minus sign.) Plan A Robert Nedia Hayes Partnership capital before admission of Hayes Effect on capital balance as a result of admission of Hayes Partnership capital after admission of Hayes edia. Prior to her admission, the partnership books show Robert's capital balance at $110 Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hayes pays $95,000 for Nedia's equity. Hayes pays Nedia directly. b. Hayes contributes $55,000 to acquire a 1/4 interest in the partnership. c. Hayes contributes $90,000 to acquire a 1/4 interest in the partnership. 2. Journalize the entries for admitting the new partner under plans a, b, and c. Print Done hen click Check Answer. Clear All