Josephine Unsworth is admitted to a partnership. Prior to the admission of Unsworth, the partnership books show Tanya Wolfe's Capital balance at $88,000 and Abe Bales' Capital balance at $44,000. Wolfe and Bales share profits and losses equally a. Required 1. Compute the amount of each partner's equity on the books of the new partnership under the following plans: Unsworth purchases Bales' interest in the business, paying $52,400 directly to Bales. Unsworth invests $44,000 to acquire a one-fourth interest in the partnership. Unsworth invests $89,000 to acquire a one-fourth interest in the partnership 2. Make the partnership journal entry on March 4 to record the admission of Unsworth under plans (a), (b), and (c) in Requirement 1. Explanations are not required. b. c. Requirement 1. Compute the amount of each partner's equity on the books of the new partnership based on each of the plans. (Enter a share for each partner. If the share equals zero, enter 0.) Share in Equity Plan A Share in Equity Plan B Share in Equity Plan C Partner Unsworth Wolfe Bales Total Requirement 2. Make the partnership journal entry on March 4 to record the admission of Unsworth under plans (a), (b), and (c) in Requirement 1. Explanations are not required. a. Unsworth purchases Bales' interest in the business, paying $52,400 directly to Bales. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit V b. Unsworth invests $44,000 to acquire a one-fourth interest in the partnership Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. a. Josephine Unsworth is admitted to a partnership. Prior to the admission of Unsworth, the partnership books show Tanya Wolfe's Capital balance at $88,000 and Abe Bales' Capital balance at $44,000. Wolfe and Bales share profits and losses equally Required 1. Compute the amount of each partner's equity on the books of the new partnership under the following plans: Unsworth purchases Bales' interest in the business, paying $52,400 directly to Bales. b. Unsworth invests $44,000 to acquire a one-fourth interest in the partnership Unsworth invests $89,000 to acquire a one-fourth interest in the partnership. 2. Make the partnership journal entry on March 4 to record the admission of Unsworth under plans (a), (b), and (c) in Requirement 1. Explanations are not required. u. Omswor purchases DAICS MEIE SUM DE VUsmess, paymy 2,400 UICC y tu Daics. McCoru ucUILS TIIS, LICIT LICUILS. Laprumuons UIC HOLICYuncu.) Journal Entry Date Accounts Debit Credit c. b. Unsworth invests $44,000 to acquire a one-fourth interest in the partnership Journal Entry Date Accounts Debit Credit c. Unsworth invests $89,000 to acquire a one-fourth interest in the partnership Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next