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Question 12 1 pts Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $40 and $60 respectively.

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Question 12 1 pts Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $40 and $60 respectively. They decide to admit Tyler to the partnership. Tyler invests $50 for a 25 per cent share of the partnership. The journal entry to admit Tyler will include: Debit Wells, capital $6.25 Cr Tyler, capital $50 Debit Matolcsy, capital $6.25 Cr Tyler, capital $37.50

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