Current Attempt in Progress At April 30 of the current year, partners' capital balances and the profit-and loss-sharing ratio in Blue Enterprises are as follows: Partner Profit and Loss Ratio R. Short Capital Balance $40,000 $21,000 $62,000 3 K. Osborne 2 W. Sanga 4 On May 1, the Crane Company is formed by admitting N. Osvald to the firm as a partner. Journalize the admission of Osvald if Osvald purchases 50% of W. Sanga's ownership interest by paying W. Sanga $32.900 cash from personal funds. (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 record purchase of an interest.) Journalize the admission of Osvald if Osvald invests $71.200 cash in the partnership for a 40% ownership interest. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 1 (To invest cash in business.) Journalize the admission of Osvald if Osvald invests $39,300 in the partnership for a 20% ownership interest. (Round answers to O decimal places, e.g. 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 $30,750 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 Debit Credit May 1 (To invest cash in business.)