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D, J and K are in partnership with capital balances on 30 June 2020 of 90000, 90000 and 67500. Profits are shared in the ratio

D, J and K are in partnership with capital balances on 30 June 2020 of 90000, 90000 and 67500. Profits are shared in the ratio of 3:2:1. Prepare journal entries for admission of M to the partnership in each of the following independent cases - 1) M purchases D's interest paying 100000 directly to D 2) M pays 65000 for a one-fifth share of the partnership

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