Problem 12-04A a-b (Part Level Submission) At April 30, partners' capital balances in Cullumber Company are G. Donley $49,400, C. Lamar $50,800, and J. Pinkston $15,400. The income sharing ratios are 5 : 4:1, respectively. On May 1, the PDLT Company is formed by admitting ). Terrell to the firm as a partner. (a) 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. Rou answers to 0 decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $17,000 in cash. (2) Terrell purchases 334/3% of Lamar's ownership interest by paying Lamar $14,600 in cash. (3) Terrell invests $60,400 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $42,600 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 4. Cash 42600 x 1. J. Pinkston, Capital 7700 G. Donley, Capital 35001 J. Terrell, Capital 7700 x C. Lamar, Capital 2800 x 2. C. Lamar, Capital 16933 J. Pinkston, Capital 700 J. Terrell, Capital 16933 J. Terrell, Capital 48000 X 3. Cash 60400 Click if you would like to Show Work for this question: Open Show Work x 1. Pinkston, Capital 53940 X G. Donley, Capital 3430 x C. Lamar, Capital 2744 X 1. Terrell, Capital 686