The Treed Partnership has total partners’ equity of $510,000, which is made up of Elm, Capital, $400,000, and Oak, Capital, $110,000. The partners share net income and loss in a ratio of 80% to Elm and 20% to Oak. On November 1, Ash is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. Prepare the journal entry to record the admission of Ash under each of the following separate assumptions: Ash invests cash of
(1) $90,000;
(2) $125,000; and
(3) $60,000.