Talent, a local HR consulting firm, has total partners' equity of $786,000, which is made up of Hall, Capital, 5613,000, and Reynolds Capital, $173,000. The partners share profit/flosses) 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. $196,500 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits b. $243,000 View transaction list Journal entry worksheet Record the admission of Morris Note: Enter debits before credits General Journal Credit Date July 01