<Table> <Tr> <Td> Equity of Partner A </Td> <Td> $10,000 </Td> </Tr> <Tr> <Td> Equity of Partner B </Td> <Td> $10,000 </Td> </Tr> <Tr> <Td> Contribution of Partner C </Td> <Td> $7,000 </Td> </Tr> <Tr> <Td> Total equity after admitting Partner C </Td> <Td> $27,000 </Td> </Tr> <Tr> <Td> Equity percentage of Partner C </Td> <Td> 33.3% </Td> </Tr> <Tr> <Td> Equity of Partner C </Td> <Td> $9,000 </Td> </Tr> <Tr> <Td> Contribution of Partner C </Td> <Td> $7,000 </Td> </Tr> <Tr> <Td> Minus equity of Partner C </Td> <Td> $9,000 </Td> </Tr> <Tr> <Td> Bonus paid to Partner C </Td> <Td> $2,000 </Td> </Tr> </Table> <Tr> <Td> Equity of Partner A </Td> <Td> $10,000 </Td> </Tr> <Tr> <Td> Equity of Partner B </Td> <Td> $10,000 </Td> </Tr> <Tr> <Td> Contribution of Partner C </Td> <Td> $7,000 </Td> </Tr>

Partnership accounting uses a capital account for each partner