Problem 12-04A a-b At April 30, partners' capital balances in Blossom Company are G. Donley $48,000, C. Lamar $46,800, and J. Pinkston $21,600. The income sharing ratios are 5 : 4 : 1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Your answer is partially correct. Try again. 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, e.g. 5,275.) terest by paying Pinkston $16,600 in cash (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $14,800 in cash. n's ownership (1) Terrell purchases 50% Pin (3) Terrell invests $61,200 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $43,800 for a 30% ownership interest, which includes a bonus to the new partner. Credit No. Account Titles and Explanation Debit 1. J. Pinkston, Capital 10800.00 J. Terrell, Capital 10800 2. C. Lamar, Capital 15598.44 J. Terrell, Capital 15598,44 3. Cash 61200.00 G. Donley,Capital 3960.00 C. Lamar, Capital J. Pinkston, Capital 53280.00 J. Terrell, Capital 4. Cash 43800.00 G. Donley, Capital C. Lamar, Capital J. Pinkston, Capital J. Terrell, Capital 48060.00 Xw ww ... xwww x Lamar's capital balance is $37,200 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 investment and (2) the bonus to the new partner? (1) Terrell's cash investment $ 69600.00 (2) Bonus to new partner