I would love some help with this problem!

Instructions Greg Thomas purchased one-half of lan Hamilton's interest in the Freidman and Hamilton partnership for $49,500. Prior to the investment, land was revalued to a market value of $189,200 from a book value of $116,400. Adam Freidman and lan Hamilton share net income equally. Hamilton had a capital balance of $52,400 prior to these transactions. Required: a. On December 31, provide the journal entry for the revaluation of land.* b. On December 31, provide the journal entry to admit Thomas. *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS Freidman, Hamilton, and Thomas General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 113 Allowance for Doubtful Accounts EXPENSES 114 Interest Receivable 510 Cost of Merchandise Sold 115 Notes Receivable 520 Salaries Expense 116 Inventory 521 Advertising Expense 117 Office Supplies 522 Depreciation Expense-Equipment 118 Store Supplies 523 Delivery Expense 119 Prepaid Insurance 524 Repairs Expense 120 Land 529 Selling Expenses 123 Equipment 531 Rent Expense 124 Accumulated Depreciation-Equipment 533 Insurance Expense 129 Asset Revaluations 534 Office Supplies Expense 133 Patent 535 Store Supplies Expense 536 Credit Card Expense LIABILITIES 537 Cash Short and Over 210 Accounts Payable 538 Bad Debt Expense 211 Salaries Payable 539 Miscellaneous Expense 213 Sales Tax Payable 710 Interest Expense 214 Interest Payable 215 Notes Payable EQUITY 310 Adam Freidman, Capital 311 Adam Freidman, Drawing 312 lan Hamilton, Capital 313 lan Hamilton, Drawing 314 Greg Thomas, Capital 315 Greg Thomas, Drawing Journal A. On December 31, provide the journal entry for the revaluation of land. * B. On December 31, provide the journal entry to admit Thomas. * *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. PAGE 11 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5