hm tpx Shared with Sydney New Tab CarspeWhitney $104,000 86,000 76,000 56,000 $322,000 Liabilities Assets Athos, capital Porthos, capital Aramis, capital According to the articles of partnership, Athos is to receive an allocation of 50 percent of all partnership profits and losses while Porthos receives 30 percent and Aramis, 20 percent. The book value of each asset and liability should be considered an accurate representation of fair value. For each of the following independent situations, prepare the journal entry or entries to be recorded by the partnership. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Porthos, with permission of the other partners, decides to sell half of his partnership interest to D'Artagnan for $44,000 in cash. No asset revaluation or goodwill is to be recorded by the partnership. View transaction list Journal entry worksheet Record the capital transfer from Porthos to D'Artagnan. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal b. All three of the present partners total cash payment of $25,000. Each agree to sell 10 percent of each partnership interest to D'Artagnan for a partner receives a negotiated portion of this amount. Goodwill is