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Talent, a local HR consulting firm, has total partners' equity of $774,000, which is made up of Hall, Capital, $607000, and Reynolds, Capital, $167,000. 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, $607000, and Reynolds, Capital, $167,000. The partners share profit/losses) in a ratio of 75% to Holland 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 Morria invests cash of $193,500 View transaction list View journal entry worksheet No General Journal Debit Credit Date July 01 1 Cash Morris, capital

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