The Struter Partnership has total partners' equaty of $460,000, which is made up of Main, Cap4al $322.000, and Frist. Capital $138,000. The partners-share net income and ioss in a ratio of 72% to Main and 28% to Frist. On November 1 . Aducan is admited to the partnership and given a 20% interest in equity and a. 20% share in any inconte and loss Prepare joumal entries to record the admission of Adison for a 20 sinterest in the equity and a 20% share in any income and loss under independent assumption (7) Record the admission of Adison with an investment of $115.000 for a 20 sinterest in the equity and a 20 . share in any income ind loss: (2) Record the admission of Achson with an investment of $150,000 for a 20% interest in tric equity and a 20% share in any atcomie and loss. (3) Record the admission of Adispr whin an investrent of $85,000 for a 20% interest in the equity and a 20 s shate in arty incorne and 1055. (x) Answer is complete but not entirely correct. The Struter Partnership has total partners' equaty of $460,000, which is made up of Main, Cap4al $322.000, and Frist. Capital $138,000. The partners-share net income and ioss in a ratio of 72% to Main and 28% to Frist. On November 1 . Aducan is admited to the partnership and given a 20% interest in equity and a. 20% share in any inconte and loss Prepare joumal entries to record the admission of Adison for a 20 sinterest in the equity and a 20% share in any income and loss under independent assumption (7) Record the admission of Adison with an investment of $115.000 for a 20 sinterest in the equity and a 20 . share in any income ind loss: (2) Record the admission of Achson with an investment of $150,000 for a 20% interest in tric equity and a 20% share in any atcomie and loss. (3) Record the admission of Adispr whin an investrent of $85,000 for a 20% interest in the equity and a 20 s shate in arty incorne and 1055. (x) Answer is complete but not entirely correct