A. Denner and 3. Wilson share profit on a 2:1 basis, respectively. They have capital balances of $48,400 and $30,800, respectively. when S. Taylor is admitted to the partnership on September 1, 2024. (a) \%. Your answer is partially correct. Prepare the journal entry to record the admission of Taylor under each of the following independent assumptions: (Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. if no entry is required, select "No Entry" for the account tities and enter O for the amounts.) 1. Taylor purchases 50% of Denner's equity for $22,000. This is a personal transaction between the partners 2. Taylor purchases 25% of Denner's and Wilson's equity for $13,200 and $8,800, respectively. This is a personal transaction among the partners. Credit (1) Sept. 1 24200 Accounts Receivable 24200 (2) Sept, 1 S. Tavlor, Caoital 12100 1. Wilson, Capital 7700 Accounts Receivable eTextbook and Media Sive for Later Last sirved 1 second ago