Moving to another question will save this response Question 12 Zahra and Batool are partners in Z&B Partnership with initial investment of $360,000 and $240,000, respectively. They share income and loss by 3 2 ratio, res Required: Prepare Journal entries to record the admission of Mariam who invests cash of $160,000 in the partnership and receives 25% ownership interest in YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE BETWEEN NUMBERS Dr Cash 100000 Cr Land 100000 For the toolbar, press ALT+F10/PC) or ALT+FN+F10 (Mac), BIVS Paragraph Arial 10pt EA 2 I. *o @ Q5 points 240.000, respectively. They share income and loss by 3 2 ratio, respectively. They accepted Mariam as a new partner in the partnership 160,000 in the partnership and receives 25% ownership interest in the new partnership UMBERS A 4 IXO Q 6 3 x X, 1 +