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Need help. Need to do each one to find acccount balances for each partner according to what haapens. Brenda, Clinton, Brad, and Linda have the

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Need to do each one to find acccount balances for each partner according to what haapens.
Brenda, Clinton, Brad, and Linda have the following partnership business: Assets Cash Current assets Land Building and Equip't $45,000 20,000 205,000 110,000 Liabilities and equities Liabilities $30,000 Brenda. Capital 50,000 Clinton, Capital 70,000 Brad, Capital 90,000 Linda, Capital 140,000 Total Liab, and Eq's $380,000 Total assets $380,000 The partners share profits and losses equally. Provide the partners' ending capital balances in each of the following independent situations. $70,000 a. Lee is added to the partnership after contributing to the business. No goodwill or bonus is recorded. b. Lee contributes $100,000 in cash to the business and receives a 20% interest in the partnership. Lee $100,000 investment is considered 20% of the new business's value, so goodwill may need to be recorded. (Eldridge's capital balance will be exactly $100,000.) C. Lee is added to the partnership and receives 20% of each partner's interest in the business after paying $45.000 directly to each of the four partners. No goodwill is recorded. d. Lee retires and has been paid 110% of her capital balance according to the terms of the original partnership agreement. The bonus method is used

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