Required information

The following condensed balance sheet is presented for the partnership of Der, Egan,

and Oprins, who share profits and losses in the ratio of $4$:$3$:$3,$ respectively.

Assume that the partnership decides to admit Snider as a new partner with a $25$

percent interest.

d$.$ The original partners, Der, Egan, and Oprins, agree to give Snider $$10,000$ of goodwill upon

admission to the partnership. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry

required" in the first account field.$)$

Journal entry worksheet

A

Record Snider's admission and the goodwill given to him.