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K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $35,000, $28,200, and $18,600, respectively, when
K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $35,000, $28,200, and $18,600, respectively, when Don Jernigan is admitted to the partnership. Prepare the journal entry to record the admission of Don Jernigan under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) a. Don Jernigan purchases of 50% of Kolmer's equity for $18,000. b. Don Jernigan purchases of 50% of Eidman's equity for $7.700. C. Don Jernigan purchases of 331/% of Ryno's equity for $11.000. b. Account Titles and Explanation 0 0 0 Debit Credit
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