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Bob Lane and Whitney Chartier are partners with capital balances of $1,550 and $550, respectively. They share all profits and losses equally. From the following independent situations, journalize the admission of the new partner, Jack Thompson: (Click the icon to view the independent situations.) (Record debits first, then credits. Exclude explanations from joumal entries.) Situation 1: Thompson purchased Chartier's interest for $6,400, paying it personally to Chartier. Journal Entry Accounts PR Dr. Cr. Bob Lane and Whitney Chartier are partners with capital balances of $1,550 and $550, respectively. They share all profits and losses equally. From the following independent situations, joumalize the admission of the new partner, Jack Thompson: (Click the icon to view the independent situations.) (Record debits first, then credits. Exclude explanations from journal entries.) Situation 1: Thompson purchased Chartier's interest for $6,400, paying it personally to Chartier. * More Info Situation 1 Situation 2 Situation 3: Situation 4 Thompson purchased Chartier's interest for $6,400, paying it personally to Chartier. Thompson invested an amount exactly equal to one-third interest in the partnership Thompson invested $1,800 for a one-third interest. Lane and Chartier share the bonus Thompson invested $780 for a one-third interest Bonus is credited to Thompson's account. Print Done