ces The Struter Partnership has total partners' equity of $420,000, which is made up of Main, Capital, $294,000, and Frist, Capital, $126,000. The partners share net income and loss in a ratio of 73% to Main and 27% to Frist. On November 1, Adison is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss. Prepare journal entries to record the admission of Adison for a 20% interest in the equity and a 20% share in any income and loss under independent assumption. (1) Record the admission of Adison with an Investment of $105,000 for a 20% interest in the equity and a 20% share in any income and loss. (2) Record the admission of Adison with an investment of $140,000 for a 20% interest in the equity and a 20% share in any income and loss. (3) Record the admission of Adison with an investment of $75,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet A B C Record the admission of Adison with an investment of $105,000 for a 20% Interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits Traction (1) General Journal Debit Credit and loss. (2) Record the admission of Adison with an investment of $140,000 for a 20% interest in the eq and loss. (3) Record the admission of Adison with an investment of $75,000 for a 20% interest in the equi and loss. View transaction list Journal entry worksheet < A B C Record the admission of Adison with an investment of $140,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. Transaction (2) General Journal Debit Credit Record entry Clear entry View general journal (1) Record the admission of Adison with an investment of $105,000 for a 20% interest in the equity and a 20% share in a and loss. (2) Record the admission of Adison with an Investment of $140,000 for a 20% Interest in the equity and a 20% share in and loss. (3) Record the admission of Adison with an Investment of $75,000 for a 20% Interest in the equity and a 20% share in at and loss. View transaction list Journal entry worksheet < A B Record the admission of Adison with an investment of $75,000 for a 20% Interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. Transaction (3) General Journal Debit Credit Record entry Clear entry View general journal < Prev 5 of 7 Next >