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= Your answer is partially correct Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically Indented when
= 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 decimal places, os 5.275) (1) 121 Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $18.560 in cash, Terrell purchases 33/9% of Lamar's ownership interest by paying Lamar $17.400 in cast Terrell invests $21.920 for a 30% ownership interest, and bonuses are given to the old partners. Terrell invests $48.720 for a 30% ownership interest which includes a bonus to the new purtrier (3) No. Account Titles and Explanation Debit Credit 1. Pinkston. Catal 10440 10440 1. Terrell Capital 1055 24 Lamar, Cantal 1. 1. Pronata 10.40 Terre Capital 10440 2 Cacao 1855 Terre 75920 GDC Cao 4 45720 Donley Coord C. LamarCapital 4. Cash 48720 Dorley, Capital Pinkston Capital ClorCapital 2784 Terrell. Capital 694 e Textbook and Media Save for Later Attempts: 3 of 5 used SA (b) Suve for Later Attempts: 3 of 5 used Submit Arwer (b) Lamar's capital balance is $37.120 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 $ (2) Bonus to new partner $ e Textbook and Media Attempts: 0 of Sused Submit Save for Later = 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 decimal places, os 5.275) (1) 121 Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $18.560 in cash, Terrell purchases 33/9% of Lamar's ownership interest by paying Lamar $17.400 in cast Terrell invests $21.920 for a 30% ownership interest, and bonuses are given to the old partners. Terrell invests $48.720 for a 30% ownership interest which includes a bonus to the new purtrier (3) No. Account Titles and Explanation Debit Credit 1. Pinkston. Catal 10440 10440 1. Terrell Capital 1055 24 Lamar, Cantal 1. 1. Pronata 10.40 Terre Capital 10440 2 Cacao 1855 Terre 75920 GDC Cao 4 45720 Donley Coord C. LamarCapital 4. Cash 48720 Dorley, Capital Pinkston Capital ClorCapital 2784 Terrell. Capital 694 e Textbook and Media Save for Later Attempts: 3 of 5 used SA (b) Suve for Later Attempts: 3 of 5 used Submit Arwer (b) Lamar's capital balance is $37.120 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 $ (2) Bonus to new partner $ e Textbook and Media Attempts: 0 of Sused Submit Save for Later
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