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The Struter Partnership has total partners' equity of $540,000, which is made up of Main, Capital, $378,000, and Frist, Capital, $162,000. The partners share net

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The Struter Partnership has total partners' equity of $540,000, which is made up of Main, Capital, $378,000, and Frist, Capital, $162,000. The partners share net income and loss in a ratio of 77% to Main and 23% 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 the following independent assumptions. (1) Record the admission of Adison with an investment of $135,000 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 $170,000 for a 20% interest in the equity and a 20% share in any income and loss 13) Record the admission of Adison with an investment of $105.000 for a 20% interest in the equity and a 20% share in any income and loss View transaction list Journal entry worksheet R 1 2 3 > Record the admission of Madison with an investment of $135,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. General Journal Debit Credit Transaction (1) View transaction list Journal entry worksheet 2 3 Record the admission of Madison with an investment of $170,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits Transaction General Journal Debit Credit (2) View transaction list Journal entry worksheet

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