At April 30 of the current year, partners' capital balances and the profit- and loss-sharing ratio in Sheffield Enterprises are as follows: Partner Profit and Loss Ratio Capital Balance $39.000 $19,000 $59,000 3 R. Short K. Osborne W. Sanga 2 4 On May 1, the Oriole Company is formed by admitting N. Osvald to the firm as a partner. Journalize the admission of Osvald if Osvald invests $69,000 cash in the partnership for a 40% ownership interest. (Round answers to decimal places, eg. 5,275. 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.) 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 May 1 Debit Credit (To invest cash in business.)