Question 2 (4 points) Saved Lydia, James, Lola, and Shawn are in a partnership together and have a combined capital balance of $700,000. A new partner, Carol pays the partnership $300,000 directly for a 1/5 interest in the new partnership. The partnership chooses the goodwill method to existing partners to account for this transaction and will allocate any increase in implied value evenly amongst the existing partners. The journal entry on the books of the partnership to account for this transaction would be: a) A Debit Cash $300,000, Debit Goodwill $400,000; Credit each of the existing partner's capital accounts $100,000 each, Credit Capital-Carol $300,000 b) Debit Goodwill $300,000, Debit Cash $800,000; Credit each of the existing partner's capital accounts $200,000 each, Credit Capital-Carol $300,000 .c) Debit Cash $300,000, Debit Goodwill $500,000; Credit each of the existing partner's capital accounts $125,000 each, Credit Capital-Carol $300,000 (d) Debit Goodwill $400,000, Debit Cash $800,000; Credit each of the existingQuestion 18 (4 points) Saved Company D, a domestic entity, sold goods to a British company on 5/10 with the transaction denominated in Pounds. The sales price of the goods was E300,000, and the cost of the goods was $100,000. The receivable is payable in full on 6/10, and Company D prepares their financials monthly. Relevant exchanges rates are 5/10 E1 = $1.10, 5/31 f1 = $1.15, and 6/10 f1 = $1.20. Based on this information, how much would accounts receivable need to be revalued by on 5/31? Oa) $0 b) $15,000 increase c) $10,000 decrease Od) $15,000 decrease