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The Struter Partnership has total partners' equity of $660,000, which is made up of Main,...

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The Struter Partnership has total partners' equity of $660,000, which is made up of Main, Capital. $462,000, and Frist, Capital $198,000. The partners share net income and loss in a ratio of 74% to Main and 26% to Frist. On November 1, Adison is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss. Prepare Journal entries to record the admission of Adison for a 20% interest in the equity and a 20% share in any Income and loss under Independent assumption (1) Record the admission of Adison with an investment of $165,000 for a 20% Interest in the equity and a 20% share in any income and loss (2) Record the admission of Adison with an investment of $200,000 for a 20% interest in the equity and a 20% share in any Income and loss (3) Record the admission of Adison with an investment of $135,000 for a 20% interest in the equity and a 20% share in any income and loss View transaction list Vww journal entry worksheet Transaction General Journal No A Credit (1) Cash Adison Capital Debit 165.000 165,000 / B Cash Adison Capital 200,000

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