Daryl decided to withdraw from Daryl, Lei, Stephen, and Jacob Partnership. They share profit and loss in the ratio of 2:3:2:3 and have capital balances of P100,000, P160,000, P100,000 and P140,000, respectively. The assets and liabilities of the partnership are fairly valued.

Required:

A. Record the withdrawal of Daryl from the partnership under each of the following independent assumption:

1. Daryl is paid cash of P100,000 for the book value of his interest.
2. Daryl is paid cash of P120,000 for the book value of his interest.
3. Daryl is paid cash of P90,000 for the book value of his interest.
4. Dayl received cash of P80,000 and interest bearing note of P30,000 for the book value of his interest

B. Determine the capital balance of each remaining partner using assumption A2 above. What personal settlement will remaining partners have if they want to bring their capital balances to their profit and loss sharing ratio of 5:3:2 for Lei, Stephen, and Jacob, respectively?