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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 0 decimal places, e.g.5,275.)
(1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $15,680 in cash.
(2) Terrell purchases 33113% of Lamar's ownership interest by paying Lamar $14,700 in cash.
(3) Terrell invests $60,760 for a 30% ownership interest, and bonuses are given to the old partners.
(4) Terrell invests $41,160 for a 30% ownership interest, which includes a bonus to the new partner.
(b)
Lamar's capital balance is $31,360 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 $
Need help and I can't figure it out. The highligted in red border is wrong.
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