Accounting Principles, (Custom Bronx Community College Edition) Help I ment PRINTER VERSION BACK NEXT ercise 12-12 (Part Level Submission) S. Pagan and T. Tabor share income on a 7:3 basis. They have capital balances of $106,000 and $60,000, respectively when W. Wolford is admitted to the partnership. Prepare the journal entry to record the admission of W. Wolford under each of the following assumptions. (a) [2 Your answer is partially correct. Try again. Investment of $93,000 cash for a 30% ownership interest with bonuses to the existing partners. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 93,000 W. Wolford, Capital T. Tabor, Capital 2,960 30,2 sHoW SOLUTION SHOW ANSWER TEXT Attempts: 3 of 3 used Version 4.24 Policy I 2000-201B