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Problem 11-4A Admission of a partner L04 Help Me SOLVE IT CHECK FIGURES: b. Dr. Zeller, Capital: $8,550; c. Cr. Zeller, Capital: $6,975 Zeller, Acker,
Problem 11-4A Admission of a partner L04 Help Me SOLVE IT CHECK FIGURES: b. Dr. Zeller, Capital: $8,550; c. Cr. Zeller, Capital: $6,975 Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $95,000; Acker, $80,000; and Benton, $158,000. The partners share profit and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare general journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions: a. Dent invests $111,000 b. Dent invests $73,000 c. Dent invests $142,000
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