b) A 20% interest in equity. c) A 50% interest in equity.

Keri & Nick Consulting's partners' equity accounts reflected the following balances on August 31, 2020: Keri Lee, Capital $ 50,000 Nick Kalpakian, Capital 195,000 Lee and Kalpakian share profit/losses in a 2:3 ratio, respectively. On September 1, 2020, Liam Court is admitted to the partnership with a cash investment of $105,000. Required: Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given: a. A 30% interest in equity X View transaction list View journal entry worksheet No Date General Journal Debit Credit Sep 01, 2020 Cash 105,000 105 000 Liam Court, Capital &amp