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Less Polly's portion Bonus to the old partners b. Journalize the partnership's receipt of Polly's investment on June 12. Complete the journal entry for the partnership's receipt of Polly's investment. (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole number. Journal Entry Date Account Debit Credit Jun. 12 c. What is each partner's Capital in the new partnership? Complete the table shown below. Partners' capital balances: Polly, Capital Tiffany, Capital Jen, Capital Total partnership capital Choose from any list or enter any number in the input fields and then continue to the next question. 4x lle Save for Later w O Type here to search Pgon F12 PrtSen Home End FO F10 F7 X FO DII FS F3 F4 F2 Esc F1 & O a 5 A 2 O Y U E R T Tab Q W KThis Question: 10 pts 7 of 8 This Quiz: 48 pts poss Tiffany and Jen are partners with Capital balances of $26,000 and $72,000, respectively. They share profits and losses in a 27:73 ratio. Tiffany and Jen admit Polly to a 7 percent interest in a new partnership when Polly invests $25,000 in the business. a. Compute the bonus to Tiffany and Jen. b. Journalize the partnership's receipt of Polly's investment on June 12. c. What is each partner's Capital in the new partnership? a. Compute the bonus to Tiffany and Jen. What is the Capital before admitting Polly to the partnership? Tiffany, Capital Jen, Capital Total Capital before admittance What is the capital balance after admitting Polly to the partnership? Partnership Capital before admittance Polly's investment in the partnership Partnership capital after Polly is admitted Now we need to calculate the bonus to Polly. Total Capital Percent % = Polly's portion % = Now calculate the bonus to the old partners from Polly's addition. Polly's investment Less Polly's portion Bonus to the old partners b. Journalize the partnership's receipt of Polly's investment on June 12. Complete the journal entry for the partnership's receipt of Polly's investment. (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole number.) 2 Choose from any list or enter any number in the input fields and then continue to the next question. 10:28 PM Save for Later 5/30/2021 O 6 Type here to search Del End Ins F10 PgUP F1 PgDI F12 PrtSon Home X F5 F6 F7 DI F3 F4 ESC Backs # a V 6 3 A. 5 N O P