ces The Struter Partnership has total partners' equity of $620,000, which is made up of Main, Capital, $434,000, and Frist, Capital, $186,000. The partners share net income and loss in a ratio of 81% to Main and 19% 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 $155,000 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 $190,000 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 $125,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list V No A B Transaction (1) (2) View journal entry worksheet (3) Cash Adison, Capital Cash Adison, Capital Main, Capital Frist, Capital Cash Main, Capital Frist, Capital Adison, Capital General Journal Debit 155,000 190,000 125,000 Credit 155,000 162,000 22,680 5,320 19,440 5,320