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At April 30, partners capital balances in DES Partnersare Dexter $47,500, Emiey $28,080, and $ ingh $25,920. The profit-sharing ratio is 5:3:2, respectively. On May

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At April 30, partners capital balances in DES Partnersare Dexter $47,500, Emiey $28,080, and $ ingh $25,920. The profit-sharing ratio is 5:3:2, respectively. On May 1, DESW Partners is formed by admitting Watson to the firm as a partner with 20% equity. (a) Watson invests 325.375 . Journalize the admission of Watson, (Credit account vitles are automaticolly indented when the amount is. entered, Do not indent manually. List debit entry before credit entry if no entry is required, select "No Entry" for the account titles and enter Ofor the amourts.) Watson invests $37,800. Journalize the admission of Watson. (Credit account titles are automotically indented when the amount entered. Do not indent manually, List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles enter 0 for the amounts.)

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