Jeff and Kristie, partners in the J \& K partnership, have capital balances of \(\$ 100,000\) and \(\$ 40,000\) and share income in a ratio of \(4: 1\), respectively. Brad is to be admitted into the partnership with a 20 percent interest in the business.

\section*{Required}

Record the admission of Brad for each of the following independent situations:

a. Brad invests \(\$ 60,000\), and goodwill is to be recorded.

b. Brad invests \(\$ 60,000\). Total capital is to be \(\$ 200,000\).

c. Brad purchases the 20 percent interest by paying Jeff \(\$ 22,000\) and Kristie \(\$ 11,000\). Brad is assigned 20 percent of each of Jeff's and Kristie's capital accounts.

d. Brad invests \(\$ 32.000\). Total capital is to be \(\$ 172,000\).

\(e\). Brad invests \(\$ 32,000\), and goodwill is to be recorded.