8 Karen Schuler and Mary Ryan are partners. To expand the expertise of their business, they have agreed to admit Samuel Wing to the partnership on January 1, 2019. The capital account balances on January 1, 2019, after revaluation of assets, are Schuler, $148,000, and Ryan, $77,000. Net income or net loss is shared equally, Record the admission of Wing to the partnership on January 1, 2019, assuming that Wing Invests $75,000 for one-third interest in the business. (Do not round Intermediate calculations. Record the transactions in the given order.) View transaction list Journal entry worksheet 1 2 Record cash investment by Wing for one third interest. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2019 Record entry Clear entry View general Journal Karen Schuler and Mary Ryan are partners. To expand the expertise of their business, they have agreed to admit Samuel Wing to the partnership on January 1, 2019. The capital account balances on January 1, 2019, after revaluation of assets, are Schuler, $148,000, and Ryan, $77,000. Net income or net loss is shared equally. Record the admission of Wing to the partnership on January 1, 2019, assuming that Wing invests $75,000 for one-third interest in the business. (Do not round Intermediate calculations. Record the transactions in the given order.) View transaction list Journal entry worksheet