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 b

Required:

b$.$ Wayne invests the amount needed to give him a one$-$third interest in the partnership's capital if no goodwill or bonus is recorded.

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