Journal entry worksheet Record the admission of Adison with on investment of $125,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits beflere credits The Struter Partnership has total partners' equity of $500,000, whicht is made up of Main, Capital, \$350.000, and Frist, Capital, $150,000. The parthers share net income and loss in a ratio of 78% to Main and 22%, to Frist On November 1 . Adison is admitted to the parthership and glven a 20% interest in equity and a 20% share in any income and loss. Prepare joumal entries to record the ndmission of Adison for a 20% interest in the equity and a 20% share in any income and loss under independent assumption. (1) 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. (2) Record the admission of Adison with an investment of $160,000 for a 20% interest in the equity and a 20% share in any income and loss. (3) Record the admission of Adison wath an investment of $95,000 for a 20% interest in the equity and a 20% share in any income and loss. Journal entry worksheet Record the admission of Adison with an investment of $125,000 for a 20% interest in the equity and a 20% share in ony income and loss. Note i Ener debats before credits. Journal entry worksheet Record the admission of Adison with an investment of 5160,000 for a 20% interest in the equity and a 20% share in any income and loss. Notei Cnter detuhs before credits Journal entry worksheet Record the admission of Adison with an investment of $95,000 for a 20% interest in the equity and a 20% share in any income and loss. Note Enter debits before credias