Required: Based on the data above journalize the admission of partners.

Part IV Below are selected transactions for the company during 2017 and 2018: Jonathan Wilson's son, Kohl, has decided to invest in his father's company and asked to be a partner. J. Wilson accepts and creates a partnership with his s $650,000 cash and 100,000 of store equipment for a 50% interest in the business. Journ admission. The accounting equation right before the admission of Kohl shows: . on. On February 1, 2017, Kohl Wilson invests alize this Assets- 2,550,840- Liabilities Equity + 1,564,640 986,200 on October 1, 2018, Samuel Campbell purchased a 50% of Jonathan wilson's interest in the business for $460,000 cash after agreement from both partners. Journalize this admission of the new partner. The accounting equation right before the admission of Samuel shows: Equity 1,786,900 (927,545 -J. Wilson) (859355-K wilson) Assets- Liabilities+ 2,744,200- 957,300 Part IV Instructions: Based on the data above, journalize the admission of partners