gallardo and perie are partners who share profits and losses equally and have equal capital account balances.the net assets of the partnership have a carrying amount of 80,000, mata is admitted to the partnership with a one-third interest in profits or losses and net assets. mata invested P34,000 cash in the partnership.

required:

pprepare the journal entries to record the admission of mata under the:

1. bonus method

2. revaluation of net assets method, assuming partnership inventories are overstated.