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Problem 15-11 (Algo) Admission of a Partner LO 15-6 [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2. Required: b. Wayne invests the amount needed to give him a one-third interest in the partnership's capital if no goodwill or bonus is recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: e. Wayne directly purchases a 25 percent interest by paying Debra $100,000 and Merina $51,000. The land account is increased before Wayne is admitted. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: c. Wayne invests $100,000 for a 25 percent interest. Goodwill is to be recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: g. Wayne invests $106,000 for a 20 percent interest. Goodwill is to be recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: Record Wayne's admission for each of the following independent situations: a. Wayne directly purchases half of Merina's investment in the partnership for $100,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: d. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted. Wayne invests $90,000 for a 25 percent interest. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: f. Wayne invests $79,000 for a 20 percent interest in the total capital of $421,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field