Pharoah Oil Imports is a partnership owned by Magda Miller and Giannis Moore. The partners share profit on a $3$:$2$ basis, respectively.

On January $1,2024,$ they have capital balances of $$90,000$ and $$54,000,$ respectively. On that day, Magda and Giannis agree to admit

lona Andern to the partnership in exchange for an investment of cash into the partnership.

Prepare the journal entry to record the admission of Andern on January $1$ under each of the following independent assumptions:

$($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not round any intermediate

calculations. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

Andern invests $$45,000$ cash for a $30\%$ ownership interest. This is an investment of assets.

Andern invests $$81,000$ cash for a $30\%$ ownership interest. This is an investment of assets.

Date Account Titles

Debit

Credit

$(1)$ Jan. $1$

$(2)$ Jan. $1$