1 The Struter Partnership has total partners' equity of $520,000, which is made up of Main, Capital, $364,000, and Frist, Capital, $156,000. The partners share net income and loss in a ratio of 77% to Main and 23% to Frist. On November 1, Adison is admitted to the partnership and given a 20% interest in equity and a 20 % share in any income and loss. Prepare journal entries to record the admission of Adison for a 20% interest in the equity and a 20% share in any income and loss under the following independent assumptions. (1) Record the admission of Adison with an investment of $130,000 for a 20% interest in the equity and a 20 % share in any income pok and loss. (2) Record the admission of Adison with an investment of $165,000 for a 20% interest in the equity and a 20% share in any income nt and loss. ences (3) Record the admission of Adison with an investment of $100,000 for a 20 % interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet 2 Record the admission of Madison with an investment of $130,000 for a 20 % interest in the equity and a 20 % share in any income and loss