3 Talent, a local HR consulting firm, has total partners' equity of $796,000, which is made...

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3 Talent, a local HR consulting firm, has total partners' equity of $796,000, which is made up of Hall, Capital. $618,000, and Reynolds, Capital, $178,000. 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 3 a. $199,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits. Date July 01 General Journal Debit Credit Record entry Clear entry View general journal 3 b. $248,000 View transaction list Journal entry worksheet < Record the admission of Morris. Note: Enter debits before credits. Date July 011 General Journal Debit Credit Record entry Clear entry View general journal 3 c. $128,000 View transaction list Journal entry worksheet < 1 Record the admission of Morris. Note: Enter debits before credits. Date July 01 General Journal Debit Credit View general journal Record entry Clear entry 3 Talent, a local HR consulting firm, has total partners' equity of $796,000, which is made up of Hall, Capital. $618,000, and Reynolds, Capital, $178,000. 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 3 a. $199,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits. Date July 01 General Journal Debit Credit Record entry Clear entry View general journal 3 b. $248,000 View transaction list Journal entry worksheet < Record the admission of Morris. Note: Enter debits before credits. Date July 011 General Journal Debit Credit Record entry Clear entry View general journal 3 c. $128,000 View transaction list Journal entry worksheet < 1 Record the admission of Morris. Note: Enter debits before credits. Date July 01 General Journal Debit Credit View general journal Record entry Clear entry