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need answers please The capital accounts of Trent Henry and Tim Chou have belances of $142,900 and $85,800, respectively. LeArne Gibert and Becky Clarke are

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The capital accounts of Trent Henry and Tim Chou have belances of $142,900 and $85,800, respectively. LeArne Gibert and Becky Clarke are to be admitted to the partnership. Gesert byys one-fitth of Henry's interest for $31,400 and con-fourth of Chou's interest for $20,200, Clarke contributes $74,500 cash to the parthership, tor which she is to receive an owneship equity of $74,500, Pequired: A. On December 31, joumalve the entries to recond the admistion of (1) Gibert and (2) Clarke. Feler No Bhe Chant of Accounes for exact wording of acoount tites. B. What are the ceptal batances of esch partere ater the adenission of the pow partners? ASSETS REVENUE 110 Cash 111 Petty Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 114 Interest Receivable 115 Notes Receivable 116 Inventory 117 Office Supplies 118 Store Supplies 119 Prepaid Insurance 120 Land 123 Equipment 124 Accumulated Depreciation-Equipment 129 Asset Revaluations 133 Patent LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 531 Rent Expense 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY 310 Trent Henry, Capital 311 Trent Henry, Drawing 312 Tim Chou, Capital 313 Tim Chou, Drawing 314 LeAnne Gilbert, Capital 315 LeAnne Gilbert, Drawing 316 Becky Clarke, Capital 317 Becky Clarke, Drawing Joumal B. What are the capital balances of each partner after the admission of the new partners

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