$[$The following information applies to the questions displayed below.$]$

Pam and John are partners in the PJ$\text{'}$s partnership sharing income in a ratio of $3$:$1.$ Gerry is to be admitted into the partnership with a $20$ percent interest in the business.

Pam $,$$

$\backslash$table$[[120,000],[$John$]]40,000$

Required:

Prepare journal entries to record Gerry's admission into the partnership for each of the following independent situations.

e$.$ Gerry invests $$35,000,$ and goodwill is to be recorded.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Event,General Journal,Debit,Credit,$],[$A$,1,$Cash,,$35,000,],[,,$Goodwill,,$15,000,],[,,$Pam, Capital,$,,11,250$