Required information The following condensed balance sheet is presented for the partnership of Der, Egan, and Oprins, who share profits and losses in the ratio of 4:3:3, respectively. Cash Other Assets $ 40,000 710,000 Accounts Payable Der, Capital $150,000 260,000 Egan, Capital 180,000 Oprins, Capital 160,000 Total Assets $750,000 Total Liabilities and Capital $750,000 Assume that the partnership decides to admit Snider as a new partner with a 25 percent interest. f. The partners agree that total resulting capital should be $820,000 and no goodwill should be recognized. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the admission of the partner given that the total resulting capital is $820,000.

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