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Instructions Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and fosses equally After all the tangible

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Instructions Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and fosses equally After all the tangible assets have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $75,000 and $36, 100, respectively Valera Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings, Jenkins and Tanner deem these skills useful thus, Solano is admitted to the partiership at a 32% interest for a purchase price of 529,100. Required: A Determine the recipient and amount of the partner bonus B on December 31, provide the journal entry to admit Solano into the partnersho. Refer to the Chart of Accounts for exact wording of account titles c. Why would a bonus be paid in this situation? X Starting Question SI A. Determine the recipient(s) and amount of the partner bonus. a hy Recipient(s): Check all that apply Lacey Tanner Cody Jenkins Valeria Solano Amount of the partner bonus: $ Journal B. On December 31, provide the journal entry to admit Solano into the partnership Refer to the Chart of Accounts for exact wording of account bites JOURNAL ACCOUNTING EQUAT DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS 1 LIABILITIES 1 C. Why would a bonus be paid in this situation? O Solano apparently is willing to pay extra for the privilege of joining the partnership O Jenkins and Tanner apparently want to ensure that all assets are valued appropriately when taking on a new partner O Jenkins and Tanner apparently value the expertise offered by Solano

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