Talent, a local HR Consulting firm, has total partners' equity of $780,000, which is made up of Hall, Capital, $610,000, and Reynolds, Capital, $170,000. 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. $195,000 View transaction ist Journal entry worksheet Record the admission of Mo Note Enter debit before credits Debit Credit Date July of t General Journal h e b. $240,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits General Journal Debit Credit Date July 01 Record entry Clear entry View general Journal c. $120,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits Date General Journal Debit Credit July 01 Record entry Clear entry View general Journal