Partnership Dissolution - Admission by Purchase of Interest and Investment (24 points: 1 point for each correct account title and 1 point for each pair of correct amounts in a single entry /1 point for each correct amount for compound entries) Partners Ferrer and David sell computers and gadgets. They want to expand their computer lines and decided to admit Reyes to the partnership. Ferrer's capital is P300,000, David's capital is P260,000, and they share ncome in the ratio of 3:2, respectively. Instruction: Prepare the journal entries to record Reyes' admission to the partnership for each of the following ndependent situations. 1. Reyes drectly purchased half of Ferrer's investment in the partnership for P120,000. 2. Reyes nvested the amount needed to give him a one-third interest in the partnership's capital, assuming no bonus would be recorded. 3. Reyes invested P200,000 for a 40% interest in the partnership. A bonus will be given to the new partner. 4. Reyes invested P140,000 for a 30% interest in the partnership. The total agreed capital is P700,000