Problem 3 B

Betsey and Brenda are partners. After the books are closed, their capital balances are $240,000 and $260,000, respectively. They share profits by a 2:6 ratio. They have decided to admit Angela to the partnership.

Record Angelas transaction if she purchases a 20% interest from the partnership for $90,000?

Record Angelas transaction if she purchases a 25% interest from the partnership for $200,000?

Record Angelas transaction if she purchases a 15% interest from the partnership for $100,000?

Record Angelas transaction if she purchases one-third of Betseys interest from Betsey for $100,000?