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led, Blue. and bEEHCF'J'HF are DEFEHEFE Wll [HE IDHDWIHQ oapital alanoes and prolit sharing ohm or... ylalte the entries to record the admission of White under each of the following assumptions: 1. He pays 1315.000 for V: of the interest of Red. :. P6500 is paid for id. of the interest of Blue. :. White pays P6.5E}{l for '23 of the interest of Blue on the assumption that the additional aayment is for goodwill. i. He pays 94,300 for 1:5 of the interest of Red. 3. White pays 134,300 for 1:5 of the interest of Red. Partnership assets are overstated. partnership dissolution: admission by purchase