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 parthers share net income and loss in a ratio of 71% to Main and 29% to Frist. On November 1 , Adison is admitted to the parthership and given a 20% interest in equity and a 20% share in any income and loss. Prepare joumal 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 $135,000 for a 20% interest in the equity and a20% 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. (3) 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. Journal entry worksheet 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. Noto: Enter debis before credts. 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 ioss under independent assumption. (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. (3) 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. Journal entry worksheet Record the admission of Adison with an investment of $170,000 for a 20% interest in the equity and a 20% sharel in any income and loss. Noted Enter dobits before credis. parthership and given a 20% interest in equity and a 20% share in any income and 1055 . 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 $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. (3) 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. Journal entry worksheet 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. Note: Enter debits before credits