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Question 2 Bout of pois Sydney pays Ethan $150,000 for his 459 interest in a partnership with total net assets of $235,000. Following this transaction Sydney's capital account should have a credit balance of: Question 3 O out of poll woko and Hoong are partners who share profits and losses equally. Their capital account balances are 598.000 and 567.000, respectively, Garcia is admitted to the partnership and is given a 30% interest by Investing 565,000. What would the journal entry to admit Garcia include a Question 4 8 out of per Josh and Malk share income and losses in a 2:1 ratio after allowing for salaries of $20.000 and 535.000. If the partnership suffers a $20,000 loss, by how much would joss capital account change? Question 5 O out of per Phuong and Yessenia have capital balances of $400.000 and $800,000, respectively. Phuong devotes three-fourths time and Yessenia one-fourth time to the business. Determine the division of S450,000 or net income when there is no agreement concerning division of net income. Question 3 paints Nwoke and Hoong are partners who are profits and loses qually. The capital account balances are 18,000 and 567.001, respectively, Garcia is admitted to the pership and is pren a interest by investing 5.000. What would the journal entry to admit Garcia indude a 4.tretto Cash for 6.000 credit to Garcia, Capital for 5.000 credit to Hong Capital for 2.000 d.debetto Garcia, Capital for 6.000 debt to Nwok, Capital for 2,000 Question 4 jost and Malk share income and losses in a 2:1 ratio after allowing for salaries of $20,000 and $35.000. if the partnership suffers a $20,000 loss, by how much would jose's capital account change? a $10,000 decrease b. 510.000 increase $25,000 decrease d. 30.000 decrease Questions Porgand Yeseve balances of 400.000 and 800.000. respectively. Phuong de votre entre for me to the use the divine.000 ofercome when there are agreement 100.000 1.000 1.000 and 110.000 225.000 and 2.000