Pineridge Consulting Associates is a partnership, and its owners are considering admitting Helen Fluery as a new partner. On March 31, 2017, the Capital accounts of the three existing partners and their shares of profits and losses are as follows:

Required
Journalize the admission of Fluery as a partner on March 31, 2017, for each of the following independent situations:
a. Fluery pays Lowe $200,000 cash to purchase Lowe's interest in the partnership.
b. Fluery invests $100,000 in the partnership, acquiring a one-fourth interest in the business.
c. Fluery invests $80,000 in the partnership, acquiring a one-fourth interest in the business.

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CapProfit-and-Loss Ratio $50,000 100,000 150,000 Jim Zook. 40% 20 40 m LoOO Richard Land.... Jennifer Lowe