Question Help Edward and Hajar have partner capital balances of $259,000 and $221,000, respectively. Edward receives 60% of profits and losses, and Hajar receives 40%. Assume Pepper contributes $120,000 to acquire a 25% interest in the new partnership of Edward, Hajar, and Pepper. Requirements 1. Calculate Pepper's capital in the new partnership 2. Journalize the partnership's receipt of cash from Pepper Requirement 1. Calculate Pepper's capital in the new partnership Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partner Bonus to Requirement 2. Journalize the partnership's receipt of cash from Pepper. (Record debits first, then credits Select the explanation on the last line of the journal entry table.) Debit Accounts and Explanation Date Credit Choose from any list or enter any number in the input fields and then continue to the next question. This Question: 6 pts 10 of 26 (6 complete) v Edward and Hajar have partner capital balances of $259,000 and $221,000, respectively. Edward receives 60% of profits and losses, and Hajar receives new partnership of Edward, Hajar, and Pepper. Requirements 1. Calculate Pepper's capital in the new partnership. 2. Journalize the partnership's receipt of cash from Pepper. Capital of new partner Bonus to Requirement 2. Journalize the partnership's receipt of cash from Pepper. (Record debits first, then credits. Select the explanation on the last line of the Date Accounts and Explanation Debit Credit