ASSUMPTION 1

50%
Dolor, Capital 40,000.00
Damian, Capital 20,000.00
Damaso, Capital 20,000.00
To Record Dolor's 50% Sale of his Interest to each of the remaining partners

ASSUMPTION 2

Dolor, Capital 40,000.00 Dolor, Capital 32,000.00

Cash 32,000.00 Cash 32,000.00
Damian, Capital 3,000.00
Damaso, Capital 5,000.00
To Record Dolor's Retirement Using Bonus Method
8,000 x 3/8 = 3,000
8,000 x 5/8 = 5,000

ASSUMPTION 3

Other Assets 30,000.00 Dolor, Capital 46,000.00

Damian, Capital 9,000.00 Cash 46,000.00
Damaso, Capital 15,000.00
Dolor, Capital 6,000.00
To Record Dolor's Retirement Using Asset Revaluation Method

Compound Entry:
Other Assets 30,000.00
Dolor, Capital 40,000.00
Cash 46,000.00
Damian, Capital 9,000.00
Damaso, Capital 15,000.00