What are the entries to B1 and B2?

CengageNOWv2 | Online teachin x + com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Admitting a New LLC Member With Bonus Alert Medical, LLC, consists of two doctors, Abrams and Lipscomb, who share in all income and losses according to a 2:3 income-sharing ratio. Dr, Lin has been asked to join the LLC. Prior to admitting Lin, the assets of Alert Medical were revalued to reflect their current market values. The revaluation resulted in medical equipment being increased by $33,000. Prior to the revaluation, the equity balances for Abrams and Lipscomb were $317,000 and $363,000, respectively. a. Provide the journal entry for the asset revaluation. For a compound transaction, if an amount box does not require an entry, leave it blank. Medical Equipment 33,000 Abrams, Member Equity 13,200 Lipscomb, Member Equity 19,800 " Check By Work a Adjust the medical equip ent and adjust each member's equity account in their income-sharing ratio. h. Provide the journal entry for the bonus under the following independent situations: 1. Lit purchased a 30%% interest in Alert Medical, LLC, for $406,000. For a compound transaction, if an amount box does not require an entry, leave it Previous Next > W 9 11:4 6/7