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E12-11 K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have cap- of ital balances of $34,000, $26,000, and $21,000, respectively, when Don Jernigan is admit- ted to the partnership. Instructions Prepare the journal entry to record the admission of Don Jernigan under each of the fol- lowing assumptions.
E12-11 K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have cap- of ital balances of $34,000, $26,000, and $21,000, respectively, when Don Jernigan is admit- ted to the partnership. Instructions Prepare the journal entry to record the admission of Don Jernigan under each of the fol- lowing assumptions.
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