(Transactions on Dissolution): David and joseph are partners. What Journal Entries would be passed for the following transactions on the dissolution of a firm, after various assets (other than cash) and third parties' liabilities have been transferred to Realisation Account? (ii) David (a partner) took over the Stock worth $ 75,000. (ii) Firm paid $ 15,000 as Compensation to Employees. (ii) Henry Creditors amounted to 30,000 which was settled at a discount of 10%. (iv) There was an Unrecorded Bike of 35,000 which was taken over by Joseph at $ 27,000. (v) Profit on Realisation of 70,000 was to be distributed between David and joseph in the ratio of 4:3.