Pineridge Consulting Associates is a partnership, and its owners are considering admitting Helen Fluery as a new partner. On March 31, 2014, the Capital accounts of the three existing partners and their shares of profits and losses are as follows:

_____________________________Capital                    Profit-and-Loss Ratio

Jim Zook ..........................................$ 50,000.........................40%

Richard Land.................................. 100,000...........................20

Jennifer Lowe....................................150,000...........................40

Required Journalize the admission of Fluery as a partner on March 31, 2014, for each of the following independent situations:

1. Fluery pays Lowe $200,000 cash to purchase Lowe's interest in the partnership.

2. Fluery invests $100,000 in the partnership, acquiring a one-fourth interest in the business.

3. Fluery invests $80,000 in the partnership, acquiring a one-fourth interest in the business.