Hendry, Michelson, and Levitt, a partnership, is considering admitting Tack as a new partner. On July 31, 2024, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: (Click the icon to view the partners' capital accounts and their profit-and-loss-sharing ratio.) Read the requirements Requirement 1. Journalize the admission of Tack as a partner on July 31 if Tack pays Levitt $168,000 cash to purchase Levitt's interest. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 31 Data Table Requirement 2. Journalize the admission of Tack as a partner on July 31 if Tack contributes $84,000 to the partnership, acquiring a 1/4 interest in the business. (Record debits first, then cred Date Accounts and Explanation Debit Credit Jul. 31 Hendry Michelson Levitt Capital $ S 42.000 84.000 Profit-and-Loss Sharing % 20% 25% 55% 126.000 Print Done Requirement 3. Journalize the admission of Tack as a partner on July 31 if Tack contributes $84,000 to the partnership. acquiring a 1/6 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul 31 Requirement 4. Journalize the admission of Tack as a partner on July 31 if Tack contributes $84,000 to the partnership, acquiring a 1/3 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 31