Serial Problem Business Solutions LO P3 At the start of 2016, Santana Rey is considering adding a partner to her business. She envisions the new partner taking the lead in generating sales of both services and merchandise for Business Solutions. s. Rey's equity in Business Solutions as of January 1, 2016, is reflected in the following capital balance. S. Rey, Capital80, Required: 2. Prepare the January 1, 2016, journal entries necessary to admit a new partner to Business Solutions through the purchase of a partnership interest for each of the following two separate cases: (a) 11 sharing agreement and (b) 4.1 sharing agreement. Journal entry worksheet 2 Prev 3 of 5 Next > Journal entry worksheet 2 Record the admission of a new partner at a 1:1 ownership interest. Note: Enter debits before credits Date General Journal DebitCredit Jan 01 Journal entry worksheet 2 Record the admission of a new partner at a 4:1 ownership interest. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Prey 3 of 5 Next> Journal entry worksheet Record the admission of a new partner with an investment of $20,170. Note: Enter debits before credits. General Journal DebitCredit Date Jan 01 Prey 3 of 5 Next > Record entry Clear entry View general journal 4. After posting the entry in part 3, what would be the new partner's equity percentage? quity K Prev 3 of 5!Next>