The balance sheet of Adams Pharmacy after the revenue, expense, and partners drawing accounts have been closed on December 31, 2016, follows:

ADAMS PHARMACY Balance Sheet December 31, 2016 Assets Cash 82,300 Accounts Receivable 15,900 Merchandise Inventory 418,500 Equipment 163,000 Accumulated DepreciationEquipment 95,500 67,500 Building 398,000 Accumulated DepreciationBuilding 319,000 79,000 Land 39,000 Total Assets 702,200 Liabilities and Partners' Equity Liabilities Accounts Payable 403,100 Taxes Payable 22,100 Total Liabilities 425,200 Partners Equity Larry Adams, Capital 159,000 Hazel Adams, Capital 59,000 Isiah Adams, Capital 59,000 Total Partners Equity 277,000 Total Liabilities and Partners' Equity 702,200 On that date, Larry Adams, Hazel Adams, and Isiah Adams agree to admit Vickie Neal to the partnership. The partnership agreement provides that, in case of dissolution of the partnership, all assets and liabilities should be revalued. Profits and losses are shared in the ratio of 50:25:25, to Larry, Hazel, and Isiah, respectively. The agreed upon values of the assets are as follows: Accounts receivable $ 14,800 Building $ 122,500 Merchandise inventory 397,400 Land 86,500 Equipment 67,500 All liabilities are properly recorded. Prepare the general journal entries for the followings: 1. Revaluation of the assets on December 31, 2016. 2. Vickie Neals investment of $100,000, assuming that she is to receive capital equal to the amount invested on December 31, 2016. 3. Vickie Neals investment of $100,000, assuming that she is to receive one-fifth of the capital of the partnership on December 31, 2016. 4. Vickie Neals investment of $100,000, assuming that she is to receive one-third of the capital of the partnership on December 31, 2016. Assume that after the revaluation had been recorded, the existing partners and Vickie Neal decided that their previous agreement should be canceled and that Vickie Neal should not become a partner. Instead, the partners agreed that Hazel Adams would withdraw from the partnership and be paid cash by the partnership on December 31, 2016. a. Prepare the general journal entry to record the payment to Hazel Adams if she is paid an amount equal to her capital account balance after the revaluation. b. Prepare the general journal entry to record the payment to Hazel Adams if she is paid an amount equal to $11,700 less than her capital account balance after revaluation. c. Prepare the general journal entry to record the payment to Hazel Adams if she is paid an amount equal to $9,300 more than her capital account balance after revaluation.