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*P12.4A (LO 4) At April 30, partners' capital balances in PDL Company are G. Donkey...

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*P12.4A (LO 4) At April 30, partners' capital balances in PDL Company are G. Donkey 552.000 C. Lamar $48,000, and I. Pinkston $18.000. The income sharing ratios we 5:41. respectively. On May 1. the PDLT Company is formed by admitting ). Terrell to the form as a partner Instructions 2. Journalize the admission of Terrell under each of the following independent assumptions 1. Terrell purchases 50% of Pinkston's ownership interest by paying Pinkstea 516.000 in cash 2. Terrell purchases 334,% of Lamar's ownership interest by paying Lamar $15.000 in cash 3. Terrell invests 562,000 for a 30% ownership interest, and bonuses are given to the old partners. 4 Terrell invests 542,000 for a 30% ownership interest, which includes a bonus to the new partner b. Lamar's capital balance is $32.000 after admitting Terrell to the partnership by imestment. Lamar's ownership interest is 20% of total partnership capital what were (1) Terrell's cash invest ment and (2) the bonus to the new partner

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