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Jamal, Omran, and Fadi share income on a 4:3:3 basis. They have capital balances of $40,000,$25,000, and $28,000, respectively, when $aad is admitted to the

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Jamal, Omran, and Fadi share income on a 4:3:3 basis. They have capital balances of $40,000,$25,000, and $28,000, respectively, when $aad is admitted to the partnership. Prepare the journal entry to record the admission of Saad under each of the following assumptions. a) Purchase of 50% of Jamal's equity for $19,000 Cash. b) Purchase of 50% of Omran's equity for $15,000. c) Purchase of 20% of Fadi's equity for $8,000. Question 2-3 Rania and Rona share income on a 6:4 bases. They have capital balances of $100,000 and $60,000, respectively, when Kawthar is admitted to the partnership. Kawthar investment of $90,000 cash for a 30% ownership interest. Journalize the entry to record the admission of Kawthar by using bonus method. Calculate the new profit-sharing ratio and sacrificing ratio Question 3-3 Dima and Lama share income on a 7:3 basis. They have capital balances of $100,000 and $80,000, respectively, when Sara is admitted to the partnership. Sara Investment of $50,000 cash for a 30% ownership interest. Journalize the entry to record the admission of Sara by using Goodwill method. Calculate the new profit sharing ratio and sacrificing ratio Question 4-3 Bassam, Tamer, and Raed have capital balances of $85,000,$95,000, and $50,000, respectively. They share income or loss on a 3:5:2 basis. Raed withdraws from the partnership. Raed is paid $60,000 in cash from partnership assets. Journalize the withdrawal of Raed by using bonus method. Question 5-3 Sami, Hani, and Maha have capital balances of $60,000,$80,000, and $70,000, respectively. They share income or loss on a 2:3:5 basis. Hani withdraws from the partnership. Hani is paid $75,000 in cash from partnership assets. Journalize the withdrawal of Hani by using Goodwill method

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