Brown and Coss have been operating a tax accounting service as a partnership for five years. Their current capital balances are $$92,000$ and $$88,000,$ respectively, and they share profits in a $60$:$40$ ratio. Because of the growth in their tax business, they decide that they need a new partner. Moore is admitted to the partnership, after which the partners agree to share profits $40\%$ to Brown, $35\%$ to Coss, and $25\%$ to Moore.

Required: Prepare the necessary journal entries to admit Moore in each of the following independent conditions. If the information is such that both the bonus and goodwill methods are appropriate for internal purposes, record the admission using both methods.

$1.$ Moore invests $$90,000$ in cash and receives a one$-$third capital interest.

$2.$ Moore invests $$120,000$ cash for a $45\%$ capital interest. Total capital after his admission is to be $$300,000.$

$3.$ Moore agrees to invest $$120,000$ cash for a one$-$third capital interest, but will not accept a capital credit for less than his investment.

$4.$ Moore invests $$40,000$ cash for a one$-$fourth capital interest. The partners agree that assets and the firm as a whole should not be revalued.

$5.$ Moore invests $$35,000$ cash for a one$-$fifth capital interest. The partners agree that total capital after the admission of Moore should be $$225,000.$

$6.$ Moore invests land in the partnership as a site for a new office building. The land, which originally cost Moore $$90,000,$ now has a current market value of $$150,000.$ Moore is admitted with a one$-$third capital interest.

$7.$ Moore is admitted to the partnership by purchasing a $30\%$ capital interest from each partner. A payment of $$35,000$ is made outside the partnership and is split between Brown and Coss.

Please solve all and show all work. Greatly appreciated!