.At the time of admission of a partner C, assets and liabilities of A and B were revalued as follows:

1. A Provision for Doubtful Debts @10% was made on Sundry Debtors (Sundry Debtors 50,000).
2. Creditors were written back by 5,000.
3. Building was appreciated by 20% (Book Value of Building 2,00,000).
4. Unrecorded Investments were valued at 15,000.
5. A Provision of 2,000 was made for an Outstanding Bill for repairs.

Unrecorded Liability towards suppliers was 3,000. Pass necessary Journal entries