X and Y are partners in a firm sharing profits and losses in the ratio of 3:2. On 1^st April, they admit Z as a partner for 1/5^th share in the profits. On that date, there was a balance of Rs. 1,50,000 in General Reserve and a debit balance of Rs. 20,000 in the profit and Loss Account of the firm. Pass necessary Journal entries regarding adjustment of reserve and accumulated profit/Loss.