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Talent, a local HR consulting firm, has total partners' equity of 774,000, which is made up of Hall, Capital, $607.000, and Reynolds, Capital, S167,000. The

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Talent, a local HR consulting firm, has total partners' equity of 774,000, which is made up of Hall, Capital, $607.000, and Reynolds, Capital, S167,000. The partners share profit(losses) in a ratio of 75% to Hall and 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% interest in equity. Required: Prepare the journal entry to record the admission of Morris under each of the following unrelated assumptions, in which Morris invests cash of a. 193,500 5204 View transaction list Journal entry worksheet 1 Record the admission of Morris. Note: Enter debits before credits Debit General Journal Date Credit July 01 C Prov Next View transaction list 6 Journal entry worksheet

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