The capital accounts of Trent Henry and Tim Chou have balances of $116,000 and $83,600, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership. Gilbert buys one-fifth of Henrys interest for $26,700 and one-fourth of Chous interest for $18,400. Clarke contributes $28,300 cash to the partnership, for which she is to receive an ownership equity of $28,300.

a1. 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	$
Tim Chou	$
LeAnne Gilbert	$
Becky Clarke	$