Sullivan has a capital balance of $32,000; St. Paul's balance is $23,000. Hanz pays $100,000 to purchase St. Paul's interest in the Sullivan & St. Paul partnership. St. Paul receives the full $100,000. Read the requirements. Requirement 1. Journalize the partnership's transaction to admit Hanz to the partnership. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Requirement 2. Must Sullivan accept Hanz as a full partner? What rights does Hanz have after purchasing St. Paul's interest in the partnership? O A. Sullivan has the right to refuse to accept Hanz into the partnership. Hanz must go through a thirty day trial period to ensure his ideas of the partnership are similar to the other partners. Any partner who owns more than 50% of the partnership agree to accept Hanz as a full partner. Partner's owning less than 50% can voice their opinion; however, it is not mandatory to take their vote into account. O B. Sullivan must accept Hanz into the partnership. Hanz automatically becomes a partner with the full rights and benefits that any other partner has according to the partnership agreement. O C. Sullivan has the right to refuse to accept Hanz into the partnership. After being accepted into the partnership and purchasing the partnership interest of St. Paul, Hanz has the full rights of a partner. However, Sullivan has to agree to this chan OD. Sullivan must accept Hanz into the partnership. After Hanz purchases St. Paul's interest in the partnership, he has up to thirty days to inform the other partners of any changes he would like to make. If these changes are not approved unanim can terminate his purchase into the partnership. Choose from any list or enter any number in the input fields and then continue to the next question. Sullivan has a capital balance of $32,000; St. Paul's balance is $23,000. Hanz pays $100,000 to purchase St. Paul's interest in the Sullivan & St. Paul partnership. St. Paul receives the full $100,000. Read the requirements. Requirement 1. Journalize the partnership's transaction to admit Hanz to the partnership. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Requirement 2. Must Sullivan accept Hanz as a full partner? What rights does Hanz have after purchasing St. Paul's interest in the partnership? O A. Sullivan has the right to refuse to accept Hanz into the partnership. Hanz must go through a thirty day trial period to ensure his ideas of the partnership are similar to the other partners. Any partner who owns more than 50% of the partnership agree to accept Hanz as a full partner. Partner's owning less than 50% can voice their opinion; however, it is not mandatory to take their vote into account. O B. Sullivan must accept Hanz into the partnership. Hanz automatically becomes a partner with the full rights and benefits that any other partner has according to the partnership agreement. O C. Sullivan has the right to refuse to accept Hanz into the partnership. After being accepted into the partnership and purchasing the partnership interest of St. Paul, Hanz has the full rights of a partner. However, Sullivan has to agree to this chan OD. Sullivan must accept Hanz into the partnership. After Hanz purchases St. Paul's interest in the partnership, he has up to thirty days to inform the other partners of any changes he would like to make. If these changes are not approved unanim can terminate his purchase into the partnership. Choose from any list or enter any number in the input fields and then continue to the next