equty of $700,000, which is made up of Main The share net income and loss in a rado of 77% to Main and 23% to Frist On 1, Adison is admitted to the partnership and given a 20% interest in equity and a 20% share in ary income and loss. Prepare journal entres to record the admission of Adison for a 20% interest in the equity and a 20% share in under the following Independent assumptions and loss t) Record the admission of Adison with an investment of $175,000 for a 20% interest in the equity and a 20% share in any income 2 Record the admission of Adison with an investment of $210,000 for a 20% interest in the equity and a 20% s are i any income (3) R and loss and loss and loss. ntor $145,000 for a 20% In the equity and a 20% share in any Journal entry worksheet rt of $175,000 for a 20% Record the admission of Madison with an i 1 of 2 Next )