Required information [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. Debra's capital is $190,000, Merina's capital is $152,000, and they share Income in a ratio of 3:2, respectively. Record Wayne's admission for each of the following independent situations: 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A Record Wayne's investment, for one-third interest; no goodwill or bonus. Note: Enter debits before credits. Event General Journal Debit Credit 7 Required information [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. Debra's capital is $190,000, Merina's capital is $152,000, and they share income in a ratio of 3:2, respectively. Record Wayne's admission for each of the following independent situations: d. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted Wayne invests $100,000 for a 25 percent interest. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A B Record the write-down of inventory. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record Wayne's admission for each of the following independent situations: d. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted. Wayne invests $100,000 for a 25 percent interest. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A Record the admission of Wayne. Note: Enter debits before credits. Event 2 General Journal Debit Credit. S < Prev 7 8 9 10 of 18 Next >