A partnership recorded the following journal entry: $$\begin{array} { | l | r | r | }
\hline \text { Cash } & 60,000 & \
\hline \text { B. Founder, Capital } & 10,000 & \
\hline \text { R. Aqui, Capital } & 10,000 & \
\hline \text { H. Joiner, Capital } & & 80,000 \
\hline
\end{array}$$ This entry reflects:

Question

A partnership recorded the following journal entry: $$\begin{array} { | l | r | r | } 
\hline \text { Cash } & 60,000 & \
\hline \text { B. Founder, Capital } & 10,000 & \
\hline \text { R. Aqui, Capital } & 10,000 & \
\hline \text { H. Joiner, Capital } & & 80,000 \
\hline
\end{array}$$ This entry reflects:

Quizplus · Accepted Answer

The new partner invests $60,000, and the capital accounts of Founder and Aqui increase by $10,000 each, indicating they receive a $20,000 bonus in total.

A Partnership Recorded the Following Journal Entry This Entry Reflects: A)Withdrawal of a Partner Who Pays a l

A Partnership Recorded the Following Journal Entry This Entry Reflects:
A)Withdrawal of a Partner Who Pays a l