A. Denner and J. 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) Correct Answer Your answer is partially correct. Prepare the joumal entry to record the admission of Taylor under each of the following independent assumptions: (Credit account titles are automatically indented when the amount is entered, Do not indent manually. List all debit entries before crefit entries If no entry is required, select "No Entry' for the account tiths and enter O for the amounts) 1. Taylor purchases 50% of Denner's equity for $22,000. This is a personal transaction between the partnerk 2. Taylor purchases 25% of Denner's and Wilson's equity for $13,200 and $8,800, respectively This is a personat transaction among the partners. 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. For alternative 1 , indicate the balance in each partner's capital account and total partners' equity after Taylor is admitted to the partnership. (Do not leove any answer field blank. Enter O for amounts.) eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above