Keri & Nick Consultings partners equity accounts reflected the following balances on August 31, 2023: Keri Lee, Capital $ 74,000 Nick Kalpakian, Capital 213,000 Lee and Kalpakian share profit/losses in a 2:3 ratio, respectively. On September 1, 2023, Liam Court is admitted to the partnership with a cash investment of $123,000.

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

b. A 20% interest in equity

c. A 50% interest in equity