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In Oriole Co., capital balances are Irey $ 37,300 and Pedigo $ 50,600. The partners share income equally. Vernon is admitted to the firm with

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In Oriole Co., capital balances are Irey $ 37,300 and Pedigo $ 50,600. The partners share income equally. Vernon is admitted to the firm with a 40% interest by an investment of cash of $ 49,200. Journalize the admission of Vernon. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit

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