The Struter Partnership has total partners' equity of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital, $110,000. The partners share net income and loss in a ratio of 80% to Main and 20% to Frist. On November 1, Adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. Prepare the journal entry to record the admission of Adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. View transaction list Journal entry worksheet 1 2 Record the admission of Adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal