1-Amjad and Ahmed, partners of Amjad and Ahmed LLP who share net income and losses 60% and 40%, respectively, had capital account balances of $70,000 and $60,000, respectively, on June 30, 2020. On that date Amjad and Ahmed agreed to admit Asaad to Amjad, Ahmed & Asaad LLP with a one-fourth interest in total partnership capital and a one-third share of net income or losses, for a cashinvestment of $30,000.the capital balance of Asaad after admission of Asaad is:

2-On January 31, 2020, Combinor Company issued $900,000 face amount of 9%, 10-year bonds due January 31, 2030, with a present value of $965,423 at a 8% yield, to Combinee Company for its net assets. The journal entry for the merger includes:

3-On January 31, 2020, Amy Reid withdrew from Reid, Sayle & Todd LLP, whose partners had an income-sharing ratio of 40%, 35%, and 25%, respectively, for a cash payment of $121,000, despite Reid's having a capital account balance of $100,000 on that date. The preferable method of accounting for Reid's withdrawal includes a:

4-Amy and Bamy, partners of Amy & Bamy LLP, who share net income and losses in a 60:40 ratio respectively, decided to liquidate the partnership. A portion of the noncash assets had been realized, but assets with a carrying amount of $42,000 were yet to be realized. All liabilities had been paid, and cash of $20,000 was available for distribution to partners. The partners capital account credit balances were $40,000 for Amy and $22,000 for Bamy. the amount of cash (totaling 20,000) to be distributed to each partner is: