Requirement 3. Journalize the admission of as a partner on July 31 if contributes to the partnership, acquiring a 1/6 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 31 Cash 90000 Thomspon, Capital Hanson, Capital Meehan, Capital Loiselle, Capital