Keri & Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2020: Keri Lee, Capital Nick Kalpakian, Capital $ 76,000 211,000 Lee and Kalpakian 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 $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 View transaction list Journal entry worksheet Record the admission of new partner. Talent, a local HR consulting firm, has total partners' equity of $766,000, which is made up of Hall, Capital, $603,000, and Reynolds, Capital. $163,000. The partners share profit/(losses) in a ratio of 75% to Hall and 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% interest in equity. Required: Prepare the journal entry to record the admission of Morris under each of the following unrelated assumptions, in which Morris invests cash of a. $191,500 View transaction list Journal entry worksheet 1 Record the admission of Morris. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Cash 191,500 Morris, capital 191,500