Partnership Dissolution (Admission)

Requirement 1

Merina, Capital 80,000

Wayne, Capital 80,000

Requirement 2

Cash 72,000
Wayne,capital 72,000

Requirement 3

Cash 110,000
Goodwill 7,500
Wayne,capital 117,500

Requirement 4

Debra, Capital 36000

Merina, Capital 24000
Inventories 60,000

Cash 100,000
Wayne, Capital 100,000

Requirement 5

Land 200,000
Debra, Capital 120000
Merina, Capital 80000

Debra, Capital 80,000

Merina, Capital 60,000
Wayne, Capital 140,000

Requirement 6

Cash 80,000
Debra, Capital 4800
Merina, Capital 3200
Wayne, Capital 88,000

Requirement 7
Goodwill 8,000
Debra, Capital 4800
Merina, Capital 3200

Cash 92,000
Wayne, Capital 92,000