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The capital accounts of Trent Henry and Tim Chou have balances of $136,500 and $95,500, respectively. Leanne Gilbert and Becky Clarks are to be admitted

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The capital accounts of Trent Henry and Tim Chou have balances of $136,500 and $95,500, respectively. Leanne Gilbert and Becky Clarks are to be admitted to the materia Gilbert buys one-th of Henry's interest for $31,100 and one-fourth of Chou's interest for $10,200. Claro contributie 571,200 can to the partnership, for which she is to receive an ownership equily of 871 200 Required: A on December 31, oumaize the entries to record the admission of (1) Gibert and (2) Clarke. Poter to the Charter Ac tol Accounts for exact warning of accounts B. What are the capital baloon of each partner after the admission of the new partners A. On December 31. journaitze the entries to record the admission at (1) Gilbert and (2) Cluke. Refer to the Chart of Accounts for exact wording of account Nolase TWGE 10 ACCOUNTING EQUATION JOURNAL ASSETS Courry CREDE LATES DEBIT NOSTRIT DATE DESCIPTION B. What are the capital balances of each partner after the admission of the new partners? Partner Capital Balance Trent Henry, Capital Tim Chou, Capital LeAnne Gilbert, Capital $ Becky Clarke, Capital

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