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The TJR Partnership recorded the following journal entry:
Cash 20,000
B. Tara, Capital 2,000
R. Jillian, Capital 2,000
S. Rose, Capital 24,000
Problem 1: The transaction reflects
Multiple Choice
Option 1: Withdrawal of $2,000 each by Tanner and Jackson
Option 2: Additional investment into the partnership by Tara and Jillian
Option 3: Withdrawal of a partner who pays a $2,000 bonus to each of the other partners
Option 4: Addition of a partner who pays a bonus to each of the other partners
Option 5: Acceptance of a new partner who invests $20,000 and receives a $4,000 bonu
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