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Penn fuas 390,500 capital and Hammet has 800,500 capital in the Penn & Hammet partnership Penn and Hammet share profes and losses equaly Judy Pilard
Penn fuas 390,500 capital and Hammet has 800,500 capital in the Penn & Hammet partnership Penn and Hammet share profes and losses equaly Judy Pilard contributes cash of 353,000 to acquare a 1/4 interest in the new partnersh Requirements 1. Calculate Pound's capital is the rene partnership 2. Journalize the partnership's receipt of the $53,000 from Pound Requirement 1. Calculate Pound's capital in the new partnership (Leive unused cats blank. Do not actor a "0" for a balance.) Parthertho capital before admission of new partner Cortribution of new partner Partnership capital whor admission of new partner Capital of new partner Bonus to
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