At April 30, partners capital balances in Carla Vista Company are G. Donley $61,360, C. Lamar $56,640, and J. Pinkston $21,240. 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, e.g. 5,275.)

(1)		Terrell purchases 50% of Pinkstons ownership interest by paying Pinkston $18,880 in cash.
(2)		Terrell purchases 331/3% of Lamars ownership interest by paying Lamar $17,700 in cash.
(3)		Terrell invests $73,160 for a 30% ownership interest, and bonuses are given to the old partners.
(4)		Terrell invests $49,560 for a 30% ownership interest, which includes a bonus to the new partner.

No. Account Titles and Explanation Debit Credit 1. > 4. V