Saved Help Keri & Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2020: Keri Lee, Capital Nick Kalpakian, Capital $ 81,000 199,000 Lee and Kalpakian share profit/losses in a 2:3 ratio, respectively. On September 1, 2020, Liam Court is admitted to the partnership with a cash investment of $120,000. Required: Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given a. A 30% interest in equity View transaction list Journal entry worksheet b. A 20% interest in equity View transaction list Journal entry worksheet 1 > Record the admission of new partner Note: Enter debits before credits General Journal Date Sep 01, 2020 Debit Credit Record entry Clear entry View general journal Chapter 11 i Saved c. A 50% interest in equity View transaction list Journal entry worksheet Record the admission of new partner. Nota: Enter debits before credits. General Journal Date Sep 01, 2020 Debit Credit Record entry Clear entry View general journal Prev 1 of 4 !!! Next > e 13