Journahize the admission of Willam under each of the following independent assumptions. /Credit account iffes abe autornaticaly. indented when the amount is entered. Do not indent manually Lit all debit entries before aredit entriec. If no entry a required ielect "Wo? Entry for the account tithes and enter 0 for the amounts) 1. Willam purchases 500 of Smith's ownerstip interest by pawngs 5 mith 520,400 in cash 2. Witliam purchases 30 ( ) Young's ownership interest by paying Young 519,100 in cash. 3. William invests $79,100 for a 30 w ownership interest, and bonutes are glven to the old partners: 4. Willim invests $53,500 for a 30% ownership interest which includes a bonus to the new partner. Suppose that Young's capital balance is $40,800 after admitting William to the partnership by investment. If Young's ownership interest is 20% of total partnership capital, what were (1) William's cash investment and (2) the bonus to the new partner? (1) Cash investment by William (2) Bonus to new partner 5