I am going to post this for the $5$th time. The last five I posted were wrong on Part B Question $2$ for Bonus to new partner.

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 $33\frac{1}{3}\%$ 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.

No$.$ Account Titles and Explanation

Debit

Credit

J$.$ Pinkston, Capital

$8,820$

J$.$ Terrell, Capital

C$.$ Lamar, Capital

$15,680$

J$.$ Terrell, Capital

Cash

$60,760$

J$.$ Terrell, Capital

$($b$)$

Your answer is partially correct.

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 $