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The Struter Partnership has total partners' equity of $480,000, which is made up of Main, Capital, $336,000, and Frist, Capital, 5144000 . The partnets share

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The Struter Partnership has total partners' equity of $480,000, which is made up of Main, Capital, $336,000, and Frist, Capital, 5144000 . The partnets share net income and loss in a ratlo of 80% to Main and 20% to Frist. On November 1 , Adison is admitted to the paitnership and given a 20%s interest in equity and 220% share in any income and toss. Prepare jouinal entules to record the admisslon of Adison for a20% interest in the equity and a 20% share in any income and loss undar independent assumption (7) Record the admksion of Adison with an investment at $120000 for a 20% interest in the equity and a 2096 shore in any income and loss: (2) Recotd the admisalon of Acison with an investment of $155000 for a 200 interest in the equity and a 20% share in any income and ios. (3) Recoed the admission of Adison with an investinent of $30000 for a 20% interest in the equity and a 20% share in any income and ioses

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