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4 points See Zahra and Batool are partners in Z88 Partnership with initial investment of $360.000 and $240,000, respectively. They share income and loss by

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4 points See Zahra and Batool are partners in Z88 Partnership with initial investment of $360.000 and $240,000, respectively. They share income and loss by 3 2 respectively, They accepted Mariam as a new partner in the partnership Required: Prepare Journal entries to record the admission of Mariam who invests cash of $160,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 100000 Cl Land 100000

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