please answer within the format with all supporting calculation

Entry should have narration please

Please provide answer in text (Without image)

Please provide answer in text (Without image)

Please provide answer in text (Without image)

Jerry and Sherry own and operate a partnership. Jerry's capital balance is $50,000 and Sherry's is $55,000. Jerry and Sherry decided to admit a new partner, Allison, to their partnership. By the terms of their partnership agreement, Jerry and Sherry share income/loss equally.

Allison intends to contribute $40,000 cash to receive a twenty-five percent interest in the partnership

Required:

e. Make journal entries to record Allison's admission to the partnership.