Admitting New Partners who buy an Interest and Contribute Assets The capital accounts of Trent Henry and Tim Chou have balances of $160,000 and $100,000, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership Gilbert buys one-fifth of Henry's interest for $35,000 and one fourth of Chou's interest for 529,000. Clarke contributes $90,000 cash to the partnership for which she is to receive an ownership equity of $90,000. al. Journalize the entry to record the admission of Gilbert. It an amount box does not require an entry, leave it blank Trent Henry, Capital 25,800 X X Tim Chou, Capital 23,200 x LeAnne Gilbert, Capital 9.000 x Feedback Check My Work al. Calculate the interest Gilbert is purchasing from both partners. Record Gilbert's Capital interest purchased and decrease Henry, Capital and Chou, Capital a2. Journalize the entry to record the admission of Clarke If an amount box does not require an entry leave it blank Cash 48,300 X Becky Clarke, Capital 1100 X