Question: F G H Question 3-20 Marks . Question 3-20 Marks Given Data: Talent, a local HR consulting firm, has total partners' equity of $860,000,

F G H Question 3-20 Marks . Question 3-20 Marks Given Data:

F G H Question 3-20 Marks . Question 3-20 Marks Given Data: Talent, a local HR consulting firm, has total partners' equity of $860,000, which is made up of Hall, Capital, $700,000, and Reynolds, Capital, $160,000. 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. 1 Required 2 Prepare the journal entry to record the admission of Morris under each of the following unrelated 3 assumptions, in which Morris invests cash of: 4a. $238,500 5 b. $292,000 6 a $144,000

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