Bob Miller and Whitney Benson are partners with capital balances of $1,600 and $500, respectively. They share all profits and losses equally. From the following independent situations, journalize the admission of the new partner, Juan Tavares:
Situation 1: Tavares purchased Benson’s interest for $5,900, paying it personally to Benson.
Situation 2: Tavares invested an amount exactly equal to one-third interest in the partnership.
Situation 3: Tavares invested $1,800 for a one-third interest. Miller and Benson share the bonus.
Situation 4: Tavares invested $660 for a one-third interest. Bonus is credited to Tavares’s account.