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Required information

Problem $15-11($Algo$)$ Admission of a Partner LO $15-6$

$[$The following information applies to the questions displayed below.$]$

Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their

computer lines and decide to admit Wayne to the partnership. They share income in a ratio of $3$:$2.$

Problem $15-11($Algo$)$ Part a

Required:

Record Wayne's admission for each of the following independent situations:

a$.$ Wayne directly purchases half of Merina's investment in the partnership for $$99,000.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.