Hope someone can help explain how to find percent interest in partnership. Thanks in advance!

Dexter Thomas and Herman Walker, attorneys, operate a law practice. They would like to expond the expertise of their firm. In anticlpation of this, they have ogreed to odmit Jewerf Lorenzo to the parthership on Janusry 1,20x. The capital account balances on january 1, 20X1, after fevalustion of assets, are Thomas, $340,000, and Walker, $300,000. Net income or net foss is shared equally Required: Prepare the entries in general journal form to record the admission of Lorenzo to the partnership on January 1, 20X1, under each of the following independent conditions: 1. Thomas sells one-half of his interest in the partherstip to Lorenzo for $276,000cash. 2. Thomas sells one-half of his interest in the partherahlp to Lorenzo for $188,000cash 3. Lorenzo invests $260.000 in the busine for a 25 percent interest in the partnership. 4. Lorenzo invests $268,000 in the business for a 30 percent interest in the parthership. Analyze: Assume that Lorenzo itwests $260.000 in the business for a 25 percent interest in the partnership. What percentage of total equity does each parther own? Complete this question by entering your answer in the tabs below. Journal entry worksheet 1 2 Lorenzo invests $260,000 in the business for a 25 percent interest in the partnership. Record any bonus to the partners. Note: Enter debits before eredits. Journal entry worksheet 1 2 6 Lorenzo invests $268,000 in the business for a 30 percent interest in the partnership. Record the investment of cash. Note: Enter debits before credits. Lorenzo invests $268,000 in the business for a 30 percent interest in the partnership. Record any bonus to the partners. Note: Enter debits before credits, Dexter Thomas and Herman Walker, attorneys, operate a law practice. They would like to expond the expertise of their firm. In anticlpation of this, they have ogreed to odmit Jewerf Lorenzo to the parthership on Janusry 1,20x. The capital account balances on january 1, 20X1, after fevalustion of assets, are Thomas, $340,000, and Walker, $300,000. Net income or net foss is shared equally Required: Prepare the entries in general journal form to record the admission of Lorenzo to the partnership on January 1, 20X1, under each of the following independent conditions: 1. Thomas sells one-half of his interest in the partherstip to Lorenzo for $276,000cash. 2. Thomas sells one-half of his interest in the partherahlp to Lorenzo for $188,000cash 3. Lorenzo invests $260.000 in the busine for a 25 percent interest in the partnership. 4. Lorenzo invests $268,000 in the business for a 30 percent interest in the parthership. Analyze: Assume that Lorenzo itwests $260.000 in the business for a 25 percent interest in the partnership. What percentage of total equity does each parther own? Complete this question by entering your answer in the tabs below. Journal entry worksheet 1 2 Lorenzo invests $260,000 in the business for a 25 percent interest in the partnership. Record any bonus to the partners. Note: Enter debits before eredits. Journal entry worksheet 1 2 6 Lorenzo invests $268,000 in the business for a 30 percent interest in the partnership. Record the investment of cash. Note: Enter debits before credits. Lorenzo invests $268,000 in the business for a 30 percent interest in the partnership. Record any bonus to the partners. Note: Enter debits before credits