Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debras capital is $200,000, Merinas capital is $160,000, and they share income in a ratio of 3:2, respectively. Required: Record Waynes admission for each of the following independent situations: Parts D-G

Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $200.000. Merina's capital is $160.000. and they share income in a ratio of 3:2, respectively. e. Wayne directly purchases a 25 percent interest by paying Debra $98.000 and Merina $59.000. The land account is increased before Wayne is admitted. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the revaluation of land. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $200.000. Merina's capital is $160,000, and they share income in a ratio of 3:2, respectively. f. Wayne invests $78.000 for a 20 percent interest in the total capital of $438.000. (If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld.) View transaction list Journal entry worksheet Record the write-down of inventory. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal