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A and are partners with intal investment of $60,000 and $40,000 respectively. They share income and low by 60% for Aands for B. They accepted

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A and are partners with intal investment of $60,000 and $40,000 respectively. They share income and low by 60% for Aands for B. They accepted as a new partner in the partnership Required: Record the admission of ander each of the following separate somption (1) C purchased con-half of A's interest for 535,000 cach 2) Ciness cash of $40,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORME, DO NOT USE BETWEEN NUMBERS Dr Cash 100000 Lund 100000 or the others ALT F10 Por ALTF10 Md

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