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Tolent, a local HR Consulting firm, has total partners' equity of $792,000, which is made up of Hall, Capital. $616,000, and Reynolds, Capital, $176,000. The

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Tolent, a local HR Consulting firm, has total partners' equity of $792,000, which is made up of Hall, Capital. $616,000, and Reynolds, Capital, $176,000. The partners share profittosses) in a ratio of 75% to Holland 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% interest in equity, Required: Prepare the journal entry to record the admission of Morris under each of the following unrelated assumptions, in which Morris Invests cash of a. $198,000 View transaction ist Journal entry worksheet Record the admission of Morris Note: Enter debits before credits Date General Journal Debit Credit July 01 b. $246,000 View transaction list Journal entry worksheet Record the admission of Morris. Notes Enter dabits before credits Date General Journal Dobit Credit July 01 c. $126,000 View transaction list Journal entry worksheet Record the admission of Morris. Note: Enter debits before credits General Journal Debit Credit Date July 01 Record entry Clear entry View general Journal

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