At April 30, partners capital balances in PDL Company are G. Donley $52,000, C. Lamar $48,000, and J. Pinkston $18,000. 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.

(1) Terrell purchases 50% of Pinkstons ownership interest by paying Pinkston $16,000 in cash.

(2) Terrell purchases 331/3% of Lamars ownership interest by paying Lamar $15,000 in cash.

(3) Terrell invests $62,000 for a 30% ownership interest, and bonuses are given to the old partners.

(4) Terrell invests $42,000 for a 30% ownership interest, which includes a bonus to the new partner.