Exercise D-9 Admission of new partner LO P3 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 79% to Main and 21% 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 the following independent assumptions (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 Vasco View transaction list Journal entry worksheet 2 3 Record the admission of Madison with an investment of $155,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. Transaction General Journal Debit Credit (1) View transaction list Journal entry worksheet