S, T, and U have equities in a partnership of $50,000, $80,000, and
S, T, and U have equities in a partnership of $50,000, $80,000, and $70,000, respectively, and share income and losses in a ratio of 5:3:2, respectively. The partners have agreed to admit W to the partnership. Prepare entries in journal form without explanations to record the admission of W to the partnership under each of…