PLEASE HELP ME FIGURE OUT WHAT I'M DOING WRONG

Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O'Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O'Donnell invests a building worth $120,000 and equipment valued at $120,000 as well as $40,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances. To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement: O'Donnell will be credited annually with interest equal to 20 percent of the beginning capital balance for the year. O'Donnell will also have added to his capital account 20 percent of partnership income each year (without regard for the preceding interest figure) or $4,000, whichever is larger. All remaining income is credited to Reese. Neither partner is allowed to withdraw funds from the partnership during 2016. Thereafter, each can draw $7,000 annually or 10 percent of the beginning capital balance for the year, whichever is larger. The partnership reported a net loss of $9,000 during the first year of its operation. On January 1, 2017, Terri Dunn becomes a third partner in this business by contributing $53,000 cash to the partnership. Dunn receives a 25 percent share of the business's capital. The profit and loss agreement is altered as follows: O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified. . Any remaining profit or loss will be split on a 6:4 basis between Reese and Dunn, respectively. Partnership income for 2017 is reported as $90,000. Each partner withdraws the full amount that is allowed. On January 1, 2018, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $180,000 directly to Dunn. Net income for 2018 is $150,000 with the partners again taking their full drawing allowance. On January 1, 2019, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent. a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. Required A Required B Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluatix method is used. Drawings need not be recorded, although the balances should be included in the closing entri no entry is required for a transaction/event, select "No journal entry required in the first account field. Round answers to the nearest dollar amount.) Credit No 1 Date General Journal 01/01/2016 Building Equipment Cash O Donnell, capital Reese, capital Debit 120,000 120.000 40,000 140,000 140,000 2 12/31/2016 36,000 X Reese, capital O Donnell, capital Income summary sea salassos 32,000 4,000 3 01/01/2017 Cash O'Donnell, capital Reese, capital Dunn, capital 53,000 5,000x 20,000 78,000x 16,700 X 8.400 O'Donnell, capital Reese, capital Dunn, capital O'Donnell, drawings Reese, drawings Dunn, drawings 16,700X 8,400x 7,800X 5 12/31/2017 90,000 Income summary O'Donnell, capital Reese, capital Dunn, capital 51,400 23,160X 15,440X 01/01/2018 85.640 X Dunn, capital Postner, capital 85,640X 12/31/2018 170X O'Donnell, capital Reese, capital Postner, capital O'Donnell, drawings Reese, drawings Postner, drawings Saco Sassasasi seseos sodo 20,170X 9,876X 8,564X 12/31/2018 Income summary O Donnell, capital Reese, capital Postner, capital 48,03EX 25,177x 16,789X 01/01/2019 108.940X Postner, capital O'Donnell, capital Reese, capital Cash 119,834x Required A Required B Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Show less No Date General Journal Debit Credit 1 01/01/2016 Building 120,000 Equipment 120,000 Cash 40,000 Goodwill 280,000 O Donnell, capital 280,000 Reese, capital 280,000 2 12/31/2016 Reese, capital O Donnell, capital Income summary 60,000 4,000x 3 01/01/2017 Cash Goodwill Dunn, capital 53,000 131,33X 184,333X 4 12/31/2017 O'Donnell, capital Reese, capital Dunn, capital O'Donnell, drawings Reese, drawings Dunn, drawings 34,000 21,600 X 18,433 x as salas salas Cocos os seseoses 34,000 21,600 X 18,433 X 12/31/2017 80.00 Income summary O'Donnell, capital Reese, capital Dunn, capital 75,800X 2,520% 1,680X 6 01/01/2018 Goodwill O'Donnell, capital Reese, capital Postner, capital 7,813 18,750X 12.500X 01/01/2018 Dunn, capital Postner, capital 180,000 180,000 12/31/2018 34,78 X 23.475X 18.000 O'Donnell, capital Reese, capital Postner, capital O Donnell, drawings Reese, drawings Postner, drawings 34.781X 23,475 X 18,000 12/31/2018 90.000 Income summary O Donnell, capital Reese, capital Postner, capital SS SSos Sacs Soosse 80,648X 5,612X 3,742 x 10 01/01/2019 Goodwill O Donnell, capital Reese, capital Postner, capital 12,167X 29,2017 19,468 01/01/2019 Postner, capital Cash 214,143 x