The Struter Partnership has total partners' equity of $600,000, which is made up of Main, Capital, $420,000, and Frist, Capital, $180,000. The partners share net income and loss in a ratio of 83% to Main and 17% 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 (1) Record the admission of Adison with an investment of $150,000 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 $185,000 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 $120,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet Record the admission of Adison with an investment of $120,000 for a 20% interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. General Journal Transaction (3) Debit Credit Record entry Clear entry View general Journal