The Josetti partnership has total partners equity of $480000which is made up of

The Josetti partnership has total partners equity of $480000which is made up of Dopke capital $336000 and Hughescapital $144000. The partners share net income and loss in aratio of of 76% to Dopke and 24% to Hughes. On November 1Nillsen is admitted to the partnership and given a 20%interest in equity and a 10% share in any income or loss. Preparethe journal entry to record the admission of Nillsen under each ofthe following separate assumptions: Nillsen invests cash of (1)$120000 (2) $155000 (3) $90000