Help Save Chapter 12 Quiz A partnership recorded the followi

Help Save Chapter 12 Quiz A partnership recorded the following joumal entry B. Pounder, Capital R. Aqui, Capital 60,00 10,00 10,00 H. Joiner, Capital 80,0 O This entry reflects uiple Choice Acceptance of a new panner who wshowa of a partner who pays$10.000 sonus to each of the oth artners MacBook Air 0

Solution

Answer is Acceptance of New partner who invests $60000 and Receives bonus $20000 bonus

Cash Debit represent investment of $ 60000 by incoming partner

Debit of 10000 each by other partners is bonus to incoming partner by giving old partners share in capital.

Credit represent bonus +Cash invetment of newpartner