After the partnership has been operation for a year the, Financial Accounting

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After the partnership has been operation for a year the

After the partnership has been operation for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. Sonia buys a one-fourth interest in the partnership by investing cash of $5,000. What will be the Capital account balances of the partner receives a bonus and that bob, kim, and Sonia partnership, income and losses equally? Prepare the entry in journal form to record the transfer of ownership on the partnership books?

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Financial Accounting: After the partnership has been operation for a year the

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