Admitting New Partners Jeff Bowman and Kristi Emery, who have ending capital balances of $92,000 and $59,000, respectively, agree to admit two new partners to their business on August 18, 20--. Dan Bridges will buy one-fifth of Bowman's capital interest for $26,400 and one- fourth of Emery's capital interest for $28,000. Payments will be made directly to the partners. Anna Terrell will invest $54,400 in the business, for which she will receive a $54,400 capital interest. 1. Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partnership. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20- Aug. 18 2 3 4 5 Aug. 18 6 7 2. Calculate the ending capital balances of all four partners after the transactions. J. Bowman Ending Capital Balances K. Emery D. Bridges A. Terrell