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Keri & Nick Consultine's partners equity accounts reflected the following balances on August 31, 2020 Keri Lee Capital $ 50,000 Nick Kalpakian, Capital 195 000

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Keri & Nick Consultine's partners equity accounts reflected the following balances on August 31, 2020 Keri Lee Capital $ 50,000 Nick Kalpakian, Capital 195 000 Lee and Kalpakan share profit/losses in a 23 ratio respectively. On September 1, 2020 Liam Court is admitted to the partnership with a cash investment of $105.000 Required Prepare the journal entry to record the admission of Liam under each of the following unrelated assumption, where he is given a. A 30% interest in equity b. A 20 interest in equity C. A 50 interest in equity

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