Angel and Damon are partners with capital balances of P25,000 and P50,000, respectively.They share profits in the ratio of 4:6.Mark is to be admitted as a partner by making investment.The agreed new capital after the admission of Mark is to be P100,000.The new profit and loss sharing ratio is 3:4:3.

Required:For each of the following independent cases below, make compound entries in journal form.

a.Mark invests P25,000 for a 1/4 interest in the new capital.

b.Mark invests P20,000 for a 1/5 interest in the new capital.

c.Mark invests P20,000 for a 1/4 interest in the new capital.

d.Mark invests P25,000 for a 1/5 interest in the new capital.

e.Mark invests P25,000 for a 30% interest in the new capital.

f.Mark invests P20,000 for a 15% interest in the new capital.

g.Mark invests P15,000 for a 30% interest in the new capital.

h.Mark invests P20,000 for a 22% interest in the new capital.