Journalior admission of a partner under different assumption a. 1. Terrell $9,000 2. Terrell 516,000 3. Terrell 554,000 4. Terrell $48,000 *P12.4A (LO 4) At April 30, partners' capital balances in PDL Company are G. Donley $52.000, C. Lamar S48,000, and J. Pinkston $18.000. The income sharing ratios are 54:1respectively. On May I. the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Instructions 2. Journalize the admission of Terrell under each of the following independent assumptiones, 1. Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $16,000 in cash. 2. Terrell purchases 33% of Lamar's ownership interest by paying Lamar $15,000 in cash. 3. Terrell invests 562,000 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. b. Lamar's capital balance is $32,000 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash invest- ment and (2) the bonus to the new partner