HELLLPPP!!! ASAPPP

Exercise 6. Olde and Young are partners that share income on a 6:4 basis. They have capital balances of $100,000 and $70,000, respectively, after the dissolution of the old partnership in anticipation of admitting Tweener to the partnership. Prepare the Journal Entries required after the dissolution of the old partnership IF Tweener is admitted by (a) purchasing 50% of Olde's ownership from Olde for $75,000, (b) investing $90,000 cash for a 30% ownership interest, or (c) investing $50,000 cash for a 30% ownership interest. (Hint: Again, this will be so much easier if you have done the Handout)