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Time 5220 Question 2 Hot yet nswered Basem, Tamer and Sameer are partners in a partnership firm sharing profits and losses on the basis of

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Time 5220 Question 2 Hot yet nswered Basem, Tamer and Sameer are partners in a partnership firm sharing profits and losses on the basis of 209525 tespectively and their capital balances are $100,000, $80,000& $40,000 respectively. The journal entry for the admission of Maher by making an investment of $100,000 with 30% ownership interest is: arked out of 00 Flag question O a Debit Cash 100,000 and credit Maher capital 100,000 O b. Debit each of Maher capital 30,000, Baser Capital 28,000, Tamer capital 24500 and Sameer capital 17.500 and credit Cash 100,000 Oc Debit each of Maher capital, 96,000, Basem Capital 1,600, Tamer capital 1 400 and Sameer capital 1,000 and credi Cash 100.000 Od Debit Cash 100,000 and credit each of Maher capital 96,000, Basem Capital 1,600, Tamer capital 1 400 and Sameer capital 1,000 Next page

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