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Peer has $91,500 capital and Haymer has $31,500 capital in the Peer & Haymer partnership. Peer and Haymer share profits and losses equally. Jared
Peer has $91,500 capital and Haymer has $31,500 capital in the Peer & Haymer partnership. Peer and Haymer share profits and losses equally. Jared Preston contributes cash of $41,000 to acquire a 1/4 interest in the new partnership. Requirements 1. Calculate Preston's capital in the new partnership 2. Joumalize the partnership's receipt of the $41,000 from Preston Requirement 1. Calculate Preston's capital in the new partnership. (Leave unused ces blank. Do not enter a "0" for a zero balance.) Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partneri Bonus to
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