[The following information applies to the questions displayed below.]

Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2.

Debra	$ 200,000
Merina	160,000

Required:

Record Waynes admission for each of the following independent situations:

a. Wayne directly purchases half of Merinas investment in the partnership for $99,000.

b. Wayne invests the amount needed to give him a one-third interest in the partnerships capital if no goodwill or bonus is recorded.

c. Wayne invests $100,000 for a 25 percent interest. Goodwill is to be recorded.

d. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted. Wayne invests $100,000 for a 25 percent interest.

e. Wayne directly purchases a 25 percent interest by paying Debra $96,000 and Merina $59,000. The land account is increased before Wayne is admitted.

f. Wayne invests $66,000 for a 20 percent interest in the total capital of $426,000.

g. Wayne invests $103,000 for a 20 percent interest. Goodwill is to be recorded.