CALCULATOR PRINTER VERSION RACK NEXT Question 9 At April 30, partners' capital balances in Sun and Company are 6. Denley $49,000, Lamar 46,800, and 1. Pinkston 518,800. The income sharing ratlosa 5:41. Inspectively On May 1, the POLT Company is formed by admitting. Terrell to the firm as a partner (a) Journalize the admission of Terrell under each of the following independent assumptions. (Credit count titles are automatically indented when it is entered. Da ner indent manually. Round answers to decimal places, ... 5,275) (1) Terrell purchases 50% of Pinkston's ownership Interest by paying Pinkston $16,000 in cash. (2) Terrell purchases 33/34 of Lamar's ownership Interest by paying Lamar $14,200 in cash (a) Terrell invests $62,800 for a 30% ownership interest, and bonuses are given to the old partners (4) Terrell invests $40.200 for a 30% ownership interest, which includes a bonus to the new partner sation Debit Credit No. Account Titles and E 1. J. Pinkston, Capital 9400 1. Terrell, Capital 9:00 24 G Lamar, Capital 35598 3. Terrell, Capital 15598 3. Cash 52100 Terrell, Capital Cat Capital No. Account Titles and Explanation Debit Credit 1. J. Pinkston, Capital 62800 3. Terrell, Capital C. Lamar, Capital > J. Pinkston, Capital > G. Donley, Capital > 4. Cash >> 3. Terrell, Capital > C. Lamar, Capital Depreciation Expense