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Instructions 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 blank. 2. Calculate the ending capital balances of all four partners after the transactions. Deff Bowman and Kristi Emery, who have ending capital balances of $100,000 and $60,000, respectively, agree to admit two new partners to their business on Bowman's capital interest for $30,000 and one-fourth of Emery's capital interest for $20,000. Payments will be made directly to the partners. Anna Terrell will invest $50,000 in the business, for which she will August 18, 20-, Dan Bridges will buy one-fifth of receive a $50,000 capital interest. General Journal 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 blank. Page: 1 DOC. POST. NO. REF DEBIT CREDIT DATE ACCOUNT TITLE 20,000s14-S.pee 1 20- Aug. 18C ouwman Capila Kaadi Emaylapilal DaeBrudeesLaplal 1 2 2 ST 3 4 Cath 5 Aug. 18 5 anauiTeraell Canta 6 7 7 Calculations 2. Calculate the ending capital balances of all four partners after the transactions. Ending Capital Balances J. Bowman K. Emery D. Bridges A. Terrell