Red and Blue are partners with capital balances of P600.000 and P450.000 respectively. They share profits and losses in the ratio of 3:2. They have agreed to accept Green as their new partner under each of the following independent cases. Prepare the journal entry to record the following independent cases: 1. Green will have a 12.5% capital credit in the new partnership for an investment of P150,000. Total agreed capitalization is P1,200,000 2 Green will have a 20% capital credit in the new partnership upon an investment of P150,000 Total agreed capitalization is P1,200,000 3. Green will have a 10% capital credit in the new partnership upon an investment of P150,000. Total agreed capitalization is P1,200,000 Green will have a 25% capital credit in the new partnership upon an investment of P450,000. Total agreed capitalization is P1,500,000 5 Green will have a 30% capital credit in the new agreed capitalization is P1,500,000 partnership upon an investment of P450,000. Total un