0.33/1 !!! S. Pagan and T. Tabor share income on a 7:3 basis. They have capital balances of $ 120.000 and $51.000 respectively, when W Wolford is admitted to the partnership Prepare the journal entry to record the admission of W. Wolford under each of the following assumptions. (a) Your answer is partially correct. Investment of $ 88,000 cash for a 30% ownership interest with bonuses to the existing partners. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation 88000 Cash 88000 W. Wolford, Capital T. Tabor, Capital MacBook Air