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Problem 2 - Admission of a New Partner (20 points) Required: Carl and Dana have a partnership with current capital balances of $100,000 and Prepare
Problem 2 - Admission of a New Partner (20 points) Required: Carl and Dana have a partnership with current capital balances of $100,000 and Prepare the necessary journal entries to admit Angela in each of the following independent $80,000 respectively, and they share profits in a 50:50 ratio. Carl and Dana decided conditions. If the information is such that both the bonus and goodwill methods are appropriate, to admit Angela to the partnership, after which the partners agree to share profits record the admission using both methods unless said otherwise. You need to show all your work for 40% to Carl, 40% to Dana, and 20% to Angela. full credits. \begin{tabular}{|l|l|} \hline a) Angela invests $80,000 in cash and receives a one-fourth capital interest. \\ \hline Carl & \\ Dana \\ Angela & \\ \hline BV: & \\ \hline IV: \\ \hline Diff \\ BV
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