The partnership of Eaton and Forsythe has these Capital balances Jeanne Eaton $76,500 Julie Forsythe $108,500 Jewel Grand invests cash of $92,500 to acquire a one-third interest in the partnership 1. Does Grand's investment in the firm provide a bonus to the partners? Show your work 2. Journalize the partnership's receipt of the $92,500 from Grand on March 4 Use th: 1. Does Grand's investment in the firm provide a bonus to the partners? There bonus to the existing partners e to prove your answer Partne fore Grand is admitted is no Grand the partnership Partnership capital after Grand is admitted is a Grand's capital in the partnership 2. Journalize the partnership's receipt of the $92.500 from Grand on March 4 (Record debits first, then credits. Enter explanations on the last line of the journal.) Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. II Type here to search O E e 1. Does Grand's investment in the firm provide a bonus to the partners Show your work 2. Journalize the partnership's receipt of the $92,500 from Grand on March 4. Partnership capital before Grand is admitted Grand's investment in the partnership Partnership capital after Grand is admitted Grand's capital in the partnership 2. Journalize the partnership's receipt of the $92,500 from Grand on March 4 (Record debits first, then credits. Enter explanations Journal Entry Accounts Debit Credit Cash Jeanne Eaton, Capital Julie Forsythe Capital Jewel Grand Capital Retained Earnings Choose from any list or enter any number in the input fields and then continue to the next question. O Type here to search