OOK Show Me How Calculator Admitting New Partners Who Buy an Interest and Contribute Assets The capital accounts of Trent Henry and Tim Chou have balances of $161,000 and $116,000, respectively. Leanne Gibertad Bedry Clarke are to be admitted to the partnership. Gilbert buys one-fifth of Henry's interest for $37,000 and one fourth of Chou's interest for $25.500. Clare contributes $39.100 cash to the partnership, for which she is to receive an ownership equity of $39,300. 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. a2. Journalize the entry to record the admission of Clarke. b. What are the capital balances of each partner after the admission of the new partners? Partner Capital Balance Trent Henry I LIU The capital accounts of Trent Tentry and Tim Chou lave Balance 30 ans , admitted to the partnership. Gilbert buys one-fifth of Henry's interest for $37,000 and one fourth of Chou's interest for $25,500. Clare contributes 579,300 cash to the partnership, for which she is to receive an ownership equity of $39,900 al. Journalize the entry to record the admission of Gilbert. For a compound transaction, if an amount box does not require trave Mark a2. Journalize the entry to record the admission of Clarke b. What are the capital balances of each partner after the admission of the new partners? Partner Capital Balance Trent Henry Tim thi LeAnne Gilbert Becky Clarke