Scenario 3 a not-so-popular student has invited you to a sleepover at a birthday party on friday night. you have accepted the invitation and are planning to attend. on wednesday, you are invited to a boy-girl party for the same friday night by one of the most popular students in your school, someone you have hoped to become friends with. after talking with your friends, you realize most of them will attend the boy-girl party. your parents have told you it is your decision, but that you should attend the party you responded to first. you really want to be a part of the popular crowd. what do you do?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.