at April 30,partners' capital balances in Pharoah Co are G Donley, 46,800, c Lamar,43,200 and J Pinkston, 16,200. the income sharing ratios are 5:4:1,respectively, on may 1,the PDLT co 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

1. Terrell purchases 50% of pinkston's ownership interest by paying pinkston 14,400 in cash.

2. " " 33 1/3% of Lamar's ownership interest by paying lamar 13,500 in cash.

3. Terrell invests 55,800 for a 30% ownership interest and bonuses are given to the old partners.

4. " " 37800 " " " ", which includes a bonus to the new partner.

B) Lamar capital balance is 28,800 after admitting terrell to the partnership by investment, If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell cash investments and (2) the bonus to the new partner