At April 30, partners' capital balances in Cullumber Company are G. Donley $49,400, C. Lamar $50,800, and J. Pinkston $15,400. The income sharing ratios are 5 : 4:1, respectively. On May 1, the PDLT Company is formed by admitting . 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 Pinkston's ownership interest by paying Pinkston $17,000 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $14,600 in cash. (3) Terrell invests $60,400 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $42,600 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 1. 2. 3. Inventory Salaries Expense C. Lamar, Drawings C. Lamar, Capital 1. Terrell, Capital Accumulated Depreciation - Equipment Notes Payable Equipment J. Terrell, Drawings Cash G. Donley, Capital Income Summary 3. Pinkston, Capital J. Pinkston, Drawings G. Donley, Drawings Distributions Accounts Payable Accounts Receivable Allowance for Doubtful Accounts