Admitting New Partners Jeff Bowman and Kristi Emery, who have ending capital balances of $95,000 and $53,000, 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 $30,000 and one-fourth of Emery's capital interest for $29,750. Payments will be made directly to the partners. Anna Terrell will invest $59,750 in the business, for which she will receive a $59,750 capital interest. 1. Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partnership. Page: 1 1 2 3 DATE 20-- Aug. 18 ACCOUNT TITLE Jeff Bowman, Capital Kristi Emery, Capital Dan Bridges, Capital 4 5 Aug. 18 Cash 6 7 Anna Terrell, Capital - DOC. POST. NO. REF. DEBIT 59,750 CREDIT 1 2 3 4 0 5 59,750 6 7 2. Calculate the ending capital balances of all four partners after the transactions. Ending Capital Balances J. Bowman K. Emery D. Bridges A. Terrell 59,750