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Zahra and Batool are partners in Z&B Partnership with initial investment of $180,000 and $120,000, respectively. They are income and loss by 32 ratio, respectively

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Zahra and Batool are partners in Z&B Partnership with initial investment of $180,000 and $120,000, respectively. They are income and loss by 32 ratio, respectively They accepted Mariam as a new partner in the partnership Required: Prepare Journal entries to record the admission of Mariam who invests cash of $80,000 in the partnership and receives 25% ownership interest in the new partnershop YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr Cash 100000 St. Lund 100000 Ethern ALTOFTOP or ALTOFN1

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