On 1 May 2018, Mario and Luigi agreed to admit Toad into their partnership. At that time, Mario has a capital balance of $60000 and Luigi has a capital balance of $69000. Mario and Luigi share profits in the ratio of 3:6.

Required:

Fill out the journal entries below to admit Toad to the partnership based on each the following independent agreements:

1. Toad invests $43500 cash into the partnership for a 20% interest.

2. Toad invests $27000 cash into the partnership for a 30% interest.

Round all amounts to the nearest dollar.