Admitting New Partners Who Buy an Interest and Contribute Assets to be admitted to the partnership. Gilbert buys one-fifth of Henry's interest for $40,000 and one-fourth of The capital accounts of Trent Henry and Tim Chou have balances of $174,000 and $125,200, respectively. LeAnne Gilbert and Becky Clarke Chou's interest for $27,500. Clarke contributes $42,500 cash to the partnership, for which she is to receive an ownership equity of $42,500. al. Journalize the entry to record the admission of Gilbert. For a compound transaction, if an amount box does not require an entry, leave it blank. Trent Henry, Capital Tim Chou, Capital LeAnne Gilbert, Capital a2. Journalize the entry to record the admission of Clarke. Cash Becky Clarke, Capital b. What are the capital balances of each partner after the admission of the new partners? Partner Capital Balance Trent Henry Tim Chou $ LeAnne Gilbert $ Becky Clarke $