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2. Hi can anyone help me out please and thank you!?! Talent, a local HR consulting firm, has total partners' equity of $792,000, which is

2. Hi can anyone help me out please and thank you!?!
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Talent, a local HR consulting firm, has total partners' equity of $792,000, which is made up of Hall, Capital, $616,000, and Reynolds, Capital, $176,000. 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 glven 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. $198.000 View transaction list Journal entry worksheet Record the admission of Morris Net Enter bits before credite General Journal Debit Credit Date July 01 Record entry Clear entry View general Journal b. $246,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits. General Journal Debit Date July 01 Credit Record entry Clear entry View general journal c. $126,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general Journal

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