The Struter Partnership has total partners' equity of $680,000, which is made up of Main, Capital, $476,000, and Frist, Capital, $204,000. The partners share net income and loss in a ratio of 75% to Main and 25% 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 $170,000 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 $205,000 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 $140,000 for a 20% interest in the equity and a 20% share in any income and loss. A No > Answer is complete but not entirely correct. Transaction (1) Cash Adison, Capital B (2) Cash Main, Capital Frist, Capital Adison, Capital C (3) Cash Main, Capital Frist, Capital Adison, Capital General Journal Debit Credit 170,000 170,000 205,000 22,680 5,320 x 177,000 140,000 19,440 4,560 x 164,000