The Struter Partnership has total partners' equity of $$360,000,$ which is made up of Main, Capital, $$252,000,$ and Frist, Capital, $$108,000.$ The partners share net income and loss in a ratio of $79\%$ to Main and $21\%$ to Frist. On November $1,$ Adison is admitted to the partnership and given a $20\%$ interest in equity and a $20\%$ share in any income and loss. A

C

Record the admission of Adison with an investment of $$125,000$ for a $20\%$

interest in the equity and a $20\%$ share in any income and loss.

Note: Enter debits before credits. A

C

Record the admission of Adison with an investment of $$125,000$ for a $20\%$

interest in the equity

Prepare journal entries to record the admission of Adison for a $20\%$ interest in the equity and a $20\%$ share in any income and loss under independent assumption.

$(1)$ Record the admission of Adison with an investment of $$90,000$ for a $20\%$ interest in the equity and a $20\%$ share in any income and loss.

$(2)$ Record the admission of Adison with an investment of $$125,000$ for a $20\%$ interest in the equity and a $20\%$ share in any income and loss.

$(3)$ Record the admission of Adison with an investment of $$60,000$ for a $20\%$ interest in the equity and a $20\%$ share in any income and loss.