161 View Policies Current Attempt in Progress At April 30, partners' capital balances in Sheridan Company are G. Donley $47,840, C. Lamar $44,160, and J. Pinkston $16.560. The income sharing ratios are 5:4:1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner (a) Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, es 5,275.) (3) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $14,720 in cash. (2) Terrell purchases 33% of Lamar's ownership interest by paying Lamar $13,800 in cash (3) (4) Terrell invests $57,040 for a 30% ownership interest, and bonuses are given to the old partners. Terrell invests $38,640 for a 30% ownership interest, which includes a bonus to the new partner No. Account Titles and Explanation Debit MacBook Air Credit