At April 30, Partners' capital balances in the ELM Company are : A . Ellis $50,000 , C. Lazzeri $24,000, and W. Matt $16,000. The income-sharing ratios are 3:2:1, respectively. On May 1, the ELMO Company is formed by admitting N. Ortiz to the firm as a partner.

Journalize the admission of Ortiz under each of the following assumptions:

a) Ortiz purchases 50% of Matt's ownership interest by paying Matt $9,000 in cash.

b) Ortiz purchases 50% of Lazzeri's ownership interest by paying Lazzeri $16,000 in cash.

c) Ortiz invests $35,000 cash in the partnership for a 40% ownership interest that includes a bonus to the new partner.

d) Ortiz invests $30,000 in the partnership for a 20% ownership interest, and bonuses are given to the old partners.