Gamine, Ronald, and Fenny have equity in a partnership of $80,000, $80,000, and $120,000, respectively, and they share income and losses in a ratio of 1: 1: 3. The partners have agreed to admit Amit to the partnership Prepare journal entries to record the admission of Amit to the partnership under the following conditions. Amit invests $120,000 for a 20 percent interest in the partnership, and a bonus is recorded for the original partners. For a compound transaction, if an amount box does not require an entry. leave it blank