Barbara and Gunther have partner Capital balances of $147,000 and $123,000, respectively. Barbara gets 65...
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Barbara and Gunther have partner Capital balances of $147,000 and $123,000, respectively. Barbara gets 65 percent of profits and losses, and Gunther gets 35 percent. Assume Markus invests $76,500 to acquire a 20 percent interest in the new partnership of Barbara, Gunther, Markus. Is there a bonus? If so, who gets it? Journalize the partnership's receipt of cash from Markus on June 13. Use the following table to show who, if anyone, will get a bonus. (Round final answers to the nearest whole dollar.) Partnership capital before Markus is admitted Markus's investment in the partnership Partnership capital after Markus is admitted Markus's capital in the partnership Bonus to Journalize the partnership's receipt of cash from Markus on June 13. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Round final answers to the nearest dollar.) Journal Entry Date Accounts Debit Credit Jun 13
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