The Treed Partnership has total partners%u2019 equity of $580,000, which is made up of Elm, Capital, $406,000, and Oak, Capital, $174,000. The partners share net income and loss in a ratio of 83% to Elm and 17% to Oak. On November 1, Ash is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss.

(1)

Assume Ash invests cash of $145,000. Prepare the journal entry to record the admission of Ash. (Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Nov. 1	(Click to select) Ash, Capital Prepaid interest Equipment Oak Capital Cash Goodwill Long-term notes payable Elm, Capital
	(Click to select) Ash, Capital Prepaid interest Elm, Capital Long-term notes payable Cash Goodwill Equipment Oak, Capital

2)	Assume Ash invests cash of $180,000. Prepare the journal entry to record the admission of Ash. (Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Nov. 1	(Click to select) Building Oak, Capital Note payable Elm, Capital Ash, Capital Cash Equipment Land
	(Click to select) Equipment Note payable Ash, Capital Cash Land Oak, Capital Building Elm, Capital
	(Click to select) Note payable Cash Ash, Capital Elm, Capital Oak, Capital Equipment Building Land
	(Click to select) Cash Land Equipment Oak, Capital Elm, Capital Note payable Ash, Capital Building

(3)	Assume Ash invests cash of $115,000. Prepare the journal entry to record the admission of Ash. (Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Nov. 1	(Click to select) Goodwill Ash, Capital Elm, Capital Accounts payable Equipment Oak, Capital Cash Note payable
	(Click to select) Note payable Ash, Capital Accounts payable Elm, Capital Equipment Oak, Capital Goodwill Cash
	(Click to select) Cash Oak, Capital Equipment Goodwill Note payable Accounts payable Ash, Capital Elm, Capital
	(Click to select) Goodwill Accounts payable Cash Oak, Capital Ash, Capital Note payable Equipment Elm, Capital