At April 30 of the current year, partners' capital balances and the profit- and loss-sharing ratio in Martinez Enterprises are as follows: Partner Profit and Loss Ratio R. Short Capital Balance $38,000 $19,000 $60,000 3 2 K. Osborne W. Sanga 4 On May 1, the Carla Vista Company is formed by admitting N. Osvald to the firm as a partner. Journalize the admission of Osvald if Osvald invests $68,100 cash in the partnership for a 40% ownership interest. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 1 (To invest cash in business.) Osvald invests $29,250 in the partnership for a 20% ownership interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1 (To invest cash in business.)