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The Struter Partnership has total partners' equilty of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital $110,000. The partners share net

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The Struter Partnership has total partners' equilty of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital $110,000. The partners share net income and loss in a ratio of 80% to Main and 20% to Frist On November 1, Adison is admitted to the partnership and given a 15% interest in the equity and a 15% share in any Income and loss. Prepare journal entries to record the admission of Adson for a 15% Interest in the equity and a 15% share In any income and loss under Independent assumption 00 loss (1) Record the admission of Adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and (2) Record the admission of Adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any Income and loss, (31 Record the admission of Adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and LOL View transaction list Journal entry worksheet B Record the admission of Adison with an investment of $90,000 for a 15% Interest in the equity and a 15% share in any income and loss. Note: Enter debits before credits Canaril dome Dobi Credit (1) Record entry Clear entry View general journal View transaction list Journal entry worksheet

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