T. Halo, K. Rose, and J. Lamp share income on a 5:3:2 basis. They have capital balances of $30,000, $26,000, and $18,000, respectively, when Tony Bennet is admitted to the partnership.

Prepare the journal entry to record the admission of Tony Bennet under each of the following assumptions.

a) Purchase of 50% of Halos equity for $19,999.

b) Purchase of 50% of Roses equity for $10,000.

c) Purchase of 1/3 of Lamps equity for $9,000.

2) Admission by purchase of an interest. (No Cash) T. Halo, K. Rose, and J. Lamp share income on a 5:3:2 basis. They have capital balances of $30,000, $26,000, and $18,000, respectively, when Tony Bennet is admitted to the partnership. Prepare the journal entry to record the admission of Tony Bennet under each of the following assumptions. Purchase of 50% of Halo's equity for $19,999. b. Purchase of 50% of Rose's equity for $10,000. c. Purchase of 1/3 of Lamp's equity for $9,000