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Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $95.000; Acker. $80,000; and Benton, S158.000. The partners share profit and losses in
Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $95.000; Acker. $80,000; and Benton, S158.000. The partners share profit and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare general journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions: a. Dent invests $111.000 b. Dent invests $73,000 C. Dent invests S142,000
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