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Keri & Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2020: Keri tee, Capital Nick Kalpakian, Capital $ 85,000 209,000 Lee

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Keri & Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2020: Keri tee, Capital Nick Kalpakian, Capital $ 85,000 209,000 Lee and Kalpaklan share profit/losses in a 2-3 ratio, respectively. On September 1, 2020, Liam Court is admitted to the partnership with a cash investment of $126.000. Required: Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given a. A 30% interest in equity View transaction list Journal entry worksheet 1 Record the admission of new partner. Note: Enter bits before credits Date General Journal Debit Credit Sep 01, 2020 b. A 20% interest in equity View transaction list Journal entry worksheet Record the admission of new partner. Note: Enter debits before credits Date General Journal Debit Credit Sep 01, 2020 Record entry Clear entry View general Journal c. A 50% interest in equity View transaction list Journal entry worksheet 1 Record the admission of new partner. Note: Enter debits before credits Date Sep 01, 2020 General Journal Debit Credit Record entry Clear entry View general Journal

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