3. Alfredo and Befoe have capital accounts in the partnership of $50,000 and $25,000 respectively, and share income and losses by 2:3. The partnership has agreed to admit Cefo as a partner under the following independent assumptions. Prepare journal entries for each.

a) Cefoe invests $35,000 into business for a one-fourth interest

b) Cefoe invests $25,000 into business for a one-fourth interest

c) Cefoe pays Alfredo $70,000 for 100% of Alfredo's interest.

d) Cefoe invests $15,000 into business for a one-half interest.