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The Struter Partnership has total partners' equity of $440,000, which is made up of Main, Capital, $308,000, and Frist, Capital, $132,000. The partners share net

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The Struter Partnership has total partners' equity of $440,000, which is made up of Main, Capital, $308,000, and Frist, Capital, $132,000. The partners share net income and loss in a ratio of 82% to Main and 18% 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. Prepare ournal 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 (T) Record the admission of Adison with an investment of $110,000 fora 20% interest in the equity and a 20% share in any income (2) Record the admission of Adison with an investment of $145,000 for a 20% interest in the equity and a20% share in any income (3) Record the admission of Adison with an investment of S80,000tora 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 $145,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits DebitCe 145,000 Credit General Journal ransaction Cash 2 of 61 ,Next >

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