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partnersimp valdng ad ot g dssets Instructions Chart of AccountsJournal Shaded cellshave feedhack X Journal Instructions On December 31, provide the journal entry for he revalualion of land. Craig Roberts purchased one-half of Ennis Leighton's interest in On December 31, provide the journal entry to admit Roberts. the Vale and Leighton partnership for S33,260. Prior to the Refer to the Chart Accounts for exact wording of account ttles. Round your answers to the nearest dollar. investment, land was revalued to a market value of $150,560 from a book value of $83,340, Tony Vale and Ennis Leighton share net income equally, Leighton had a capital balance of Haw does grading work? S25,400 prior to these transactions PAGE 11 JOURNAL Score: 58/63 ACCOUNTING EQUATION Required: On December 31, provide the jounal entry for the A. CREDIT EQUITY DATE DESCRIPTION POST, REF DEBIT ASSETS LIABIUITIES Dec. 51 Land revaluation of land. 67.220.00 B. On December 31, provide the joumal entry to admit Bobeds Tony Vale, Capital 33,61000 .... Ennis Leighton, Capital 33,61000 Refer to the Chart of Accounts for exact wording of Craig Roberts, Capital Dec. 31 3,755.00 account titles. Round your answers to the nearast Ennis Leighton, Capital 3,755.00 5 dollar