Talent, a local HR consulting firm, has total partners’ equity of $774,000, which is made up of Hall, Capital, $607,000, and Reynolds, Capital, $167,000. The partners share profit/(losses) in a ratio of 75% to Hall and 25% to Reynolds. On July 1, Morris is admitted to the partnership and given a 20% interest in equity.

Required

Prepare the journal entry to record the admission of Morris under each of the following unrelated assumptions, in which Morris invests cash of:
a. $193,500

b. $237,000

c. $117,000