The Struter Partnership has total partners' equity of $460,000, which is made up of Main, Capital, $322,000, and Frist, Capital, $138,000. The partners share net income and loss in a ratio of 74% to Main and 26% 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 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 $115,000 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 $150,000 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 $85,000 for a 20% Interest in the equity and a 20% share in any Income and loss. Journal entry worksheet A B C Record the admission of Adison with an investment of $115,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. Transaction (1) Record entry Accounts payable Accumulated depreciation-Equipment Accumulated depreciation-Manufacturing equipment Adison, Capital Adison, Withdrawals Building Credit Clear entry View general journal Journal entry worksheet