At April 30, partners' capital balances in Carla Vista Company are G. Donley $49,920, C. Lamar $46,080, and J. Pinkston $17,280. 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) Your answer is partially correct. 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 O decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $15,360 in cash. (2) Terrell purchases 33/3% of Lamar's ownership interest by paying Lamar $14,400 in cash. (3) (4) Terrell invests $59,520 for a 30% ownership interest, and bonuses are given to the old partners. Terrell invests $40,320 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation 1. J. Pinkston, Capital J. Terrell, Capital 2. C. Lamar, Capital J. Terrell, Capital 3. Cash 4. J. Terrell, Capital G. Donley, Capital J. Pinkston, Capital C. Lamar, Capital Cash C. Lamar, Capital G. Donley, Capital Debit 8640 15207 59520 40320 3840 3072 J. Pinkston, Capital 576 J. Terrell, Capital Credit 8640 15207 51840 3840 768 3072 46080