At April 30, partners capital balances in Oriole Partners are Dexter $36,100, Emley $21,320, and Sigle $19,680. The profit-sharing ratio is 5:3:2, respectively. On May 1, the Cheyenne Partnership is formed by admitting Watson to the firm as a partner with 20% equity.

Watson invests $19,275. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May 1	Emley, CapitalCashWatson, CapitalDexter, CapitalSigle, Capital
	Dexter, CapitalEmley, CapitalWatson, CapitalCashSigle, Capital
	(To invest cash in business.)

Watson invests $28,700. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May 1	Watson, CapitalDexter, CapitalCashSigle, CapitalEmley, Capital
	Sigle, CapitalCashWatson, CapitalDexter, CapitalEmley, Capital
	CashEmley, CapitalWatson, CapitalDexter, CapitalSigle, Capital
	CashDexter, CapitalEmley, CapitalSigle, CapitalWatson, Capital
	Dexter, CapitalEmley, CapitalWatson, CapitalSigle, CapitalCash
	(To invest cash in business.)

Watson invests $8,200. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May 1	CashEmley, CapitalWatson, CapitalDexter, CapitalSigle, Capital
	Sigle, CapitalWatson, CapitalDexter, CapitalCashEmley, Capital
	CashWatson, CapitalSigle, CapitalEmley, CapitalDexter, Capital
	Emley, CapitalSigle, CapitalCashWatson, CapitalDexter, Capital
	CashEmley, CapitalDexter, CapitalSigle, CapitalWatson, Capital
	(To invest cash in business.)