Hornet, McCabe, and Loiselle, a partnership, is considering admitting Thomasville as a new partner. On July 31 . 2024, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: (Click the icon to view the partners' capital accounts and their profit-and-loss-sharing ratio.) Read the requirements. Requirements Journalize the admission of Thomasville as a partner on July 31 for each of the following independent situations: 1. Thomasville pays Loiselle $156,000 cash to purchase Loiselle's interest. 2. Thomasville contributes $78,000 to the partnership, acquiring a 1/4 interest in the business. 3. Thomasville contributes $78,000 to the partnership, acquiring a 1/6 interest in the business. 4. Thomasville contributes $78,000 to the partnership, acquiring a 1/3 interest in the business. Data table Requirement 1. Journalize the admission of Thomasville as a partner on July 31 if Thomasville pays Loiselle $156,000 cash to purchase Loiselle's interest. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 2. Journalize the admission of Thomasville as a partner on July 31 if Thomasville contributes $78,000 to the partnership, acquiring a 1/4 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 3. Journalize the admission of Thomasville as a partner on July 31 if Thomasville contributes $78,000 to the partnership, acquiring a 1/6 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 4. Journalize the admission of Thomasville as a partner on July 31 if Thomasville contributes $78,000 to the partnership, acquiring a 1/3 interest in the business. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)