The capital accounts of the Ann, Bob, and Car partnership at December 31, 2016, together with profit

Question:

The capital accounts of the Ann, Bob, and Car at December 31, 2016, together with profit and loss-sharing ratios, are as follows:
Ann (25%) ............ $75,000
Bob (25%) ............ 100,000
Car (50%) ........... 125,000
The partners agree to admit Dar into the
Prepare the journal entry or entries to admit Dar into the and calculate the partners' capital balances immediately after his admission under each of the following independent assumptions:
1. Car sells half of her interest to Dar for $90,000, and the partners agree to admit Dar into the Dar invests $75,000 cash in the for a 25 percent interest in the capital and profits, and assets are revalued.
3. Dar invests $80,000 cash in the for a 20 percent interest in the capital and profits, and assets are revalued.
4. Dar invests $90,000 cash in the for a 30% interest in the capital and profits, and assets are not revalued.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...