At April 30, partners capital balances in Carla Vista Company are G. Donley $51,600, C. Lamar $45,800, and J. Pinkston $18,400. 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.

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 $15,200 in cash.
(2)		Terrell purchases 331/3% of Lamars ownership interest by paying Lamar $14,000 in cash.
(3)		Terrell invests $63,600 for a 30% ownership interest, and bonuses are given to the old partners.
(4)		Terrell invests $43,200 for a 30% ownership interest, which includes a bonus to the new partner.

A: April 30, partners capital balances in Carla Vista Comparare. Donly $5.,600. C. Lomar 545 B00, and . Pincio $13,400 The Incomecheringatoare 5.4.2. poctively.On Mw1 the POLT Company is formed by admin.. Terrel to the forma partner (al - Your answer is par laly correct Journalac the admissionell undercach of the following independent azzumpllone. Credit accountles are autorically Indented when amount is entered. Do not indentmony. Round answers to decimal places, es 5.275 (21 021 Tarrell purchases Sos. of Pinkston's ownership interact by paying Pinkcon $15,200 in cach Terrell purchase or winterest by royingar $14h Terri Chorward restaurant that Terelveets 543,200 for a 20% ownership Interest, which Inducea bonus to the new partner. :1 141 No. Account Titles and Explanation Debit Credit 1. I I Plum Caps 90 Torrell Catal 9200 2. ConCookie 16255 Il 1621 3. Cath Cate! Gel IP Caps Can Capital 4. Cath Illa G.Donkey Capital Piso Caps Cute