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Which a partnership recorded the journal entry

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Problem 1: Partners A, B, and C share profits and losses equally and have capital balances of $10,000, $20,000, and $30,000, respectively. B wishes to withdraw from the partnership, and has agreed to accept $15,000 from the partnership for her interest. After this transaction, the capital balance of C will:

A. Decrease to $27,500

B. Increase to $32,500

C. Increase to $35,000

D. Remain unchanged

Problem 2: A partnership recorded the following journal entry:

A. Acceptance of a new partner who invests $70,000 and receives a $20,000 bonus.

B. Withdrawal of a partner who pays a $ 10,000 bonus to each of the other partners.

C. Addition of a partner who pays a bonus to each of the other partners.

D. Additional investment into the partnership by Tanner and Jackson.

E. Withdrawal of $ 10,000 each by Tanner and Jackson upon the admission of a new partner.

Reference no: EM132756465

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