The Struter Partnership has total partners' equity of $500,000, which is made up of Main, Capital, $350,000, and Frist, Capital $150,000. The partners share net income and loss in a ratio of 78% to Main and 22% 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 and loss (1) 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 2) Record the admission of Adison with an investment of S160,000 for a 20% interest in the equity and a 20% share in any income (3) Record the admission of Adison with an investment of $95,000 for a 20% interest in the equity and a 20% share in any income and loss and loss View transaction list View journal entry worksheet No Transaction General Journal Debit Credit (1) Cash 525000 Adison Capital 525,000 B (2) 500 000 Cash Adison Capital Main Capital 532.000