ACCOUNTING Admitting new partners Lis Wu and Bens fime a partners who s in the come equally and have capital balances of $123,000 and $52,000,spectively, W with the coward of Ses, sells 10 of her interest to Kars Olivet What mistry is required by the parthenship if the rales price is $315,000 b. What entry is required by the partorship if the sales price is $50,000 Admitting new partners who buy an interest and contribute assets The capital accounts of Brad Hughes and Mitchell Isaacs have balances of $140,000 and $120,000, respectively Leah Crift and Jayme Clarke to be admitted to the partnership. Craft buys 1/5 of Hughes's interest for $35,000 and% of Isaacs's interest for $24,000. Clark contributes $59,000 cash to the partnership, for which she is to receive an ownership equity of $59,000. a. Journalize the entries to record the admissions of Craft and Clark. b. What are the capital balances of each parmer after the admission of the new partners? Partner Capital Balance Brad Hughes $ Mitchell Isaacs S Leah Craft S Jayme Clark Admitting sew partners ACCOUNTING Lis Wu and Becca Sims are partners who share in the income squally and have capital balances of $123,000 and $53,000, respectively. Ws, with the cost of Sims, sells 1/3 of her interest to Kara Oliver a. What entry is required by the partnership if the sales price is $30,000 b. What entry is required by the partomship if the sales price is $50,000 Admitting new partners who buy an interest and contribute amets The capital accounts of Brad Hughes and Mitchell Isaacs have balances of $140,000 and $120,000, respectively. Lesh Craft and Jayme Clark are to be admitted to the partnership. Call buys 1/5 of highes's interest for $35,000 54 of Issacs's interest for $24,000. Clark contributes $59,000 cash to the parthip for which she is to receive an ownership equity of $59,000 a Journalize the entries to record the admissions of Craft and Clark b. What are the capital balances uf each partner after the admission of the new partners Capital Balan Brid Hughes $ Mitchell Issacs Leah Craft $ Jay Clark $