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Instructions The capital accounts of Trent Henry and Tim Chou have balances of 5148,600 and 584 200 respectively. LeAnne Gibert and Becky Clarke are to

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Instructions The capital accounts of Trent Henry and Tim Chou have balances of 5148,600 and 584 200 respectively. LeAnne Gibert and Becky Clarke are to be admitted to the partnership Gilbert buys one-fifth of Henry's interest for $28.800 and one fourth of Chou's interest for $21 200. Clarke contributes $76 300 cash to the partnership for which she is to receive an ownership culty of 576,300 Required: A On December 31. journalize the entries to record the admission of (!) Gilbert and 21 Clarke Refer to the Chart of Accounts for exact wording of account titles What are the capital balances of each partner after the admission of the new pers

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