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The DEF Partnership has the following capital balances: Davis of $ 5 5 , 0 0 0 , Ellen of $ 4 8 , 0

The DEF Partnership has the following capital balances: Davis of $55,000, Ellen of $48,000, and Farmer of $16,000.They share income loss 4:2:2. They decide to admit Garner as a new partner A. Journalize the admission of Garner if he purchases 50% Farmer's ownership. B.Journalize the admission of Garner if he purchases 1/3 of ellens ownership by paying ellen $25,000 in cash. C. Garner invests $50,000 for a 25% intrest and bonuses are given to the old partners. D. Garner invests $35,000 for a 40% intrest and bonus is given to the new partner.

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