Question 8 of 9 -13 E At April 30, partners' capital balances in Cullumber Company are G. Donley $66,560, C. Lamar $61,440, and J. Pinkston $23,040. 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. (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 O decimal places, eg. 5,275) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $20,480 in cash. (2) (3) (4) Terrell purchases 33% of Lamar's ownership interest by paying Lamar $19.200 in cash. Terrell invests $79,360 for a 30% ownership interest, and bonuses are given to the old partners. Terrell invests $53,760 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation 1. Debit Credit 2. 3. 4. > > I Tab Window Help Player UI AX ventory Methods and Financ New Tab r/index.htm/Maunchid-6af67482-13fb-4479-6308-c Question 8 of 9 4 (b) eTextbook and Media Using multiple attempts will impact your score 10% score reduction after a I 36290question? -13 Attempts of used The parts of this question must be completed in The part will be you complete the part above MacBook Pro TO