No. Account Trites and Explanation Debit Gredit 1. 2. 3. At April 30, partners' capital balances in Sunland Compamy are G. Donley $48,880,C Lamar $45,120, and J. Pinkston $16,9220. The income sharing ratios are 5:4:1, respectively. On May 1 , the PDLT Company is formed by admitting 3 . Terrell to the firm as a partner. (a) Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, es. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $15.040 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $14,100 in cash. (3) Terrell invests $58,280 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $39,480 for a 30% ownership interest, which includes a bonus to the new partner. Lamar's capital balance is $30,080 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20%6 of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner? (1) Terrell'scashinvestment \$ (2) Bonustonew parterer Attempts: 0 of 5 used