Instructions General Journal Calculations Admitting New Partners 1. Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partnership. If an amount box does not require an entry, leave it banko 2. Calculate the ending capital balances of all four partners after the transactions heft Bowman and Kristi Emery, who have ending capital balances of $105,600 and 551,100, 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 $32,720 and one-fourth of Emery's capital Interest for $30,800. Payments will be made directly to the partners. Anna Terrell Will Invest $63,520 in the business, for which she will receive 563.520 capital interest M 1. Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partner General Journal 1. Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partner require an entry, leave it blank. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 Aug. 18 2 2 3 4 5 Aug. 18 6 2 OBOU Instructions General Journal Calculations Calculations 2. Calculate the ending capital balances of all four partners after the transactions Ending Capital Balances 3. Bowman K. Emery D. Bridges A. Terrell 6 7