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10 points Skoped ellook Talent, a local HR consulting firm, has total partners' equity of $764,000, which is made up of Hall, Capital, $602,000,
10 points Skoped ellook Talent, a local HR consulting firm, has total partners' equity of $764,000, which is made up of Hall, Capital, $602,000, and Reynolds, Capital, $162,000. The partners share profit/(losses) in a ratio of 75% to Hall and 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% Interest in equity. Required: Prepare the journal entry to record the admission of Morris under each of the following unrelated assumptions, in which Morris invests cash of a. $191,000 Pet References View transaction list Journal entry worksheet Record the admission of Morris. 4 nts Skipped b. $232,000 View transaction list Journal entry worksheet eBook Print oferences 1 Record the admission of Morris. Note: Enter debits before credits. Date July 01 General Journali Debit Credit 4 ints Skipped c. $112,000 View transaction list Journal entry worksheet < 1 ellook Print References Record the admission of Morris. Note: Enter debits before credits Date: July 01 General Journal 3 Debit Credit
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