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Pass Journal entries for the following transactions at the time of dissolution of the firm:
a Loan of 10,000 advanced by a partner to the firm was refunded.
b X, a partner, takes over an unrecorded asset Typewriter at 300.
c Undistributed balance Debit of Profit and Loss Account 30,000. The firm has three partners X,Y and Z. d Assets of the firm realised 1,25,000.
e Y who undertakes to carry out the dissolution proceedings is paid 2,000 for the same.
f Creditors are paid 28,000 in full settlement of their account of 30,000.
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