May, Nash, and Olsen are partners in the MNO partnership with captial balances of $395,000, $275,000 and $330,ooo respectively and they share income in a ration of 30%: 30%: 40%. The partners have agreed to admit Page to the partnership.

Prepare the journal entries to record the addmission of page under the folowing circumstances:
a. Page pays olsen $138,000 for 60% of his interest in the partnership
b. Page invests $250,000 for a 15% interest in the partnership. Use the bonus method.
c. Page invests $225,000 for a 15% interest in the partnership. Along with Page's admission, the partnership will increase te plant assets by $120,000 and decrease merchandise inventory by $32,500. Use the godwill method.
d. Page invests $250,000 for a 30% interest in the partnership. Use the bonus method.
e. Page invests $333,000 for a 1/3 interest in the partnership. Use the goodwill method.