Talent a local HR consulting firm, has total partners' equity of $788,000, which is made up of Hall, Capital, $614,000, and Reynolds, Capital, $174,000. The partners share profit/(losses) in a ratio of 80% to Hall and 20% 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. $197.000 View transaction list Journal entry worksheet 1 Record the admission of Morris. Note Enter debits before credits a. $197,000 View transaction list Journal entry worksheet 1 35 Record the admission of Morris. Note: Enter debits before credits. Date General Journal Debit Credit July 01 b. $244,000 View transaction list Journal entry worksheet 1 Record the admission of Morris. Note: Enter debits before credits. Date General Journal Debit Credit July 01 c. $124,000 View transaction list Journal entry worksheet 1 Record the admission of Morris. Note: Enter debits before credits. Date General Journal Debit Credit July 01