1 The Struter Partnership has total partners' equity of $420,000, which is made up of Main, Capital, $294,000, and Frist, Capital, $126,000. The partners share net income and loss in a ratio of 84% to Main and 16% 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 the following independent assumptions. 10 points eBook (1) Record the admission of Adison with an investment of $105,000 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 $140,000 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 $75,000 for a 20% interest in the equity and a 20% share in any income and loss. Hint Print References View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 (1) Cash 105,000 Adison, Capital 105,000 2 Cash 140,000 Adison, Capital Main, Capital Frist, Capital 3 (3) Cash Main. Capital Frist, Capital Adison, Capital