Bob Miller and Whitney Abayo are partners with capital balances of $1,750 and $350, respectively. They share all profits and losses equally. From the following independent situations, journalize the admission of the new partner, Jack Worth:
Situation 1: Worth purchased Abayo’s interest for $5,800, paying it personally to Abayo.
Situation 2: Worth invested an amount exactly equal to one-third interest in the partnership.
Situation 3: Worth invested $3,300 for a one-third interest. Miller and Abayo share the bonus.
Situation 4: Worth invested $750 for a one-third interest. Bonus is credited to Worth’s account.