Talent, a local HR consulting firm, has total partners' equity of $762,000, which is made up of Hall, Capital, $601,000, and Reynoids, Capital, $161,000. 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: Journal entry worksheet Note: Enter dennts before credits c. $111,000