UULITIR Haddy Hughes is admitted to the partnership of Reagan & Naser. Prior to her admission, the partnership books show Gretchen Reagan's capital balance at $160,000 and Cyrus Naser's at $80,000. Assume Reagan and Naser share profits and losses equally Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hughes pays $90,000 for Naser's equity. Hughes pays Naser directly b. Hughes contributes $80,000 to acquire a 1/4 interest in the partnership c. Hughes contributes $125,000 to acquire a 1/4 interest in the partnership 2. Journalize the entries for admitting the new partner under plans a, b, and c. Begi Hugl Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. for Hughes pays $90,000 for Naser's equity. Hughes pays Naser directly Nasi equi Begin by computing the partner's equity base for plan a. Hughes pays $90.000 for Naser's equity. Hughes pays Naser Hug! directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a $0 balance, make sure to pays enter"0" in the appropriate cell. Enter negative amounts with a parentheses or minus sign.) Nasi direc Plan A Reagan Naser Hughes mak Enter any number in the edit fields and then click Check Answer 5 parts remaining Clear All Check Answer UULITIR Haddy Hughes is admitted to the partnership of Reagan & Naser. Prior to her admission, the partnership books show Gretchen Reagan's capital balance at $160,000 and Cyrus Naser's at $80,000. Assume Reagan and Naser share profits and losses equally Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hughes pays $90,000 for Naser's equity. Hughes pays Naser directly b. Hughes contributes $80,000 to acquire a 1/4 interest in the partnership c. Hughes contributes $125,000 to acquire a 1/4 interest in the partnership 2. Journalize the entries for admitting the new partner under plans a, b, and c. Begi Hugl Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. for Hughes pays $90,000 for Naser's equity. Hughes pays Naser directly Nasi equi Begin by computing the partner's equity base for plan a. Hughes pays $90.000 for Naser's equity. Hughes pays Naser Hug! directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a $0 balance, make sure to pays enter"0" in the appropriate cell. Enter negative amounts with a parentheses or minus sign.) Nasi direc Plan A Reagan Naser Hughes mak Enter any number in the edit fields and then click Check Answer 5 parts remaining Clear All Check