P 12-6 Good, Hood, and Food are partners, sharing profits equally. They decide to admit Mood for an equal partnership (25%). The balances of the partners' capital accounts are: Good, capital Hood, capital Food, capital $30,000 26,000 19,000 $75,000 Required: Prepare journal entries to record admission of Mood, using the bonus method: 1. assuming the bonus is paid to the new partner; Mood invests $15,000 cash; 2. assuming the bonus is paid to existing partners; Mood invests $45,000 cash; the remaining partners benefit equally from the bonus. P 12-7