The Struter Partnership has total partners' equity of $380,000, which is made up of Main, Capital, $266,000, and Frist, Capital, $114,000, The partners share net income and loss in a ratio of 74% to Main and 26% to Frist On November 1, Adison s admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss. 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 the following independent assumptions. (1) Record the admission of Adison with an investment of $95,000 for a 20% interest in the equity and a 20% share in any income (2) Record the admission of Adison with an investment of S130.000 for a 20% interest in the equity and a 20% share in any income 3 Record the admission of Adison with an investment of $65,000 for a 20% interest in the equity and a 20% share in any income and loss and loss and loss View transaction list Journal entry worksheet Record the admission of Madison with an investment of $95,000 for a 20% interest in the equity and a 20% share in any income and loss. PreY 1of5 Next >