Type here to search Question 9 of 10 < View Policies Show Attempt History 1.86/6 I Current Attempt in Progress At April 30, partners' capital balances in Pharoah Company are G. Donley $46,800, C. Lamar $43,200, and J. Pinkston $16.200. 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. 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) 3253 Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $14,400 in cash. (2) Terrell purchases 33% of Lamar's ownership interest by paving Lamar $13.500 in cash Terrell invests $55,800 for a 30% ownership interest, and bonuses are given to the old partners Terrell invests $37,800 for a 30% ownership interest, which includes a bonus to the new partner (4) D 78'F Question 9 of 10 No. Account Titles and Explanation Debit Credit 1. J.Pinkston, Capital 7200 J. Terrell, Capital C. Lamar, Capital 4500 J. Terrell, Capital 3. Cash 106200 JPinkston Capital G.Donley Capital Terrell Capital C. Lamar Capital Type here to search Cas H E 7200 4500 31860 15930 12744) 1.86/6 78F AC116 Unit 6 Lab Assignment Question 9 of 10 < > 1.86/6 (b) Cash J. Pinkston, Capital G.Donley, Capital CLamar Capital J.Terrell Capital eTextbook and Media Assistance Used Save for Later Last saved 5 days ago Attempts: 2 of 5 used Submit