2 Talent, a local HR consulting firm, has total partners' equity of $788,000, which is made up of Hall, Capital, $614,000, and Reynolds, Capital, $174,000. The partners share profit/(losses) in a ratio of 80% to Hall and 20% 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: 8 02:55:05 a. $197,000 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