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3 Question Help Wall, Tau, and Willow decide to form a Tshirt design partnership. Anya Wall gures this Tshirt design business will help her other company, Nature Gnome Company, with any T-shirt design needs. Additionally, Tau and Willow have connections with many companies and can expand and grow this new partnership. 0 (Click the icon to view the additional information.) Read the uirements. Requirement 1. Joumalize the contribution of the partners in the partnership on January 1, 2019. [Prepare a single compound entry for this transaction. Record debits rst, then credits. Select the explanation on the last line of the journal entry table} Date 0 More Info Jan. 1 Each of the three partners contn'butes $33,000 cash to start up the WTW partnership. They agree to share prots in two steps. First, Tau will receive $27,000 and Willow will receive $33,000 because they will do most of the graphic design work. Any remaining prots or losses will be shared 1:2:3, respectively for Wall, Tau, and Willow. The business starts on January 1, 2019. On December 31, 2019, the business posted a loss of $27,000. Wall decides to withdraw from the partnership on December 31, 2019. Tau and Willow agree to give Wall $16,500 for her equity interest. Dec. 31 Print Requirement 2. en credits. Select the expla Willow, Capital 4500 Choose from any list or enter any number in the input elds and then continue to the next question. Wall, Tau, and Willow decide to form a T-shirt design partnership. Anya Wall figures this T-shirt design business will help her other company, Nature Gnome Company, with any T-shirt design needs. Additionally, Tau and Willow have connections with many companies and can expand and grow this new partnership. i Click the icon to view the additional information.) Read the requirements. Requirement 1. Journalize the contribution of the partners in the partnership on January 1, 2019. (Prepare a single compound entry for this transaction. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jan. 1 Cash 99000 Wall, Capital 33000 Tau, Capital 33000 Willow, Capital 33000 To record partners' contribution of cash. Requirement 2. Journalize the allocation of the loss from the Income Summary account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Wall, Capital 9000 Tau, Capital 13500 Willow, Capital 4500 Choose from any list or enter any number in the input fields and then continue to the next question.Wall, Tau, and Willow decide to form a Tshirt design partnership. Anya Wall gures this Tshirt design business will help her other company, Nature Gnome Company. with any Tshirt design needs. Additionally, Tau and Willow have connections with many companies and can expand and grow this new partnership. .(Click the icon to View the additional information.) Read the @uirements. Requirement 2. Joumalize the allocation of the loss from the Income Summary account. (Record debits rst, then credits. Select the explanation on the last line of the journal entry table} Accounts and Explanation Wall, Capital Willow. Capital Income Summary To close income Summary and allocate loss. Requirement 3. Joumalize the withdrawal of Wall as a partner on December 31r 2019. [Prepare a single compound entry for this transaction. Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Wall, Capital Choose from any list or enter any number in the input elds and then continue to the next question. _ -_.._-__.._.. . ._.l. * Wall, Tau, and Willow decide to form a Tshirt design partnership. Anya Wall gures this Tshirt design business will help her other company, Nature Gnome Company, with any Tshirt design needs. Additionally, Tau and Willow have connections with many companies and can expand and grow this new partnership. .(Click the icon to view the additional information.) Read the @uirements. Requirement 3. Joumalize the withdrawal of Wall as a partner on December 31, 2019. (Prepare a single compound entry for . this transaction. Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) | Credit 12000 Accounts and Explanation | 12000 | : Dec. 31 Wall, Capital Cash M To record withdrawal of Wall from the partnership. Requirement 4. Calculate the ending balances in Tau and Willow's capital accounts. (Use a minus sign or parentheses for a net loss} Tau Willow Total Partner contributions 33000 33000 66000 Netloss | {13500} {4500}| {18000} Bonus upon Wall's withdrawal I 4000 I ChilpltilJ Decembef 31; 2019 = = = Choose from any list or enter any number in the input elds and then continue to the next question. Wall, Tau, and Willow decide to Tom a Tshirt design partnership. Anya Wall gures this Tshirt design business will help her other company, Nature Gnome Company. with any T-shirt design needs. Additionally, Tau and Willow have connections with many companies and can expand and grow this new partnership. 0 (Click the icon to View the additional information.) Read the @uirements. Requirement 3. Joumalize the withdrawal of Wall as a partner on December 31r 2019. [Prepare a single compound entry for A this transaction. Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation 0 Requirements . Joumalize the contribution ofthe partners in the partnership on January 1, 2019. . Joumalize the allocation of the loss from the Income Summary account. . . Joumalize the withdrawal of Wall as a partner on December 31, 2019. Requrremenu _ _ . . . net loss} . Calculate the ending balances In Tau and Willows capital accounts. Partner cont Print Bonus upon Wall's withdrawal 4000 Capital, December 31, 2019 Shoose from any list or enter any number in the input elds and then continue to the next question. eses for a