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The capital accounts of Trent Henry and Tim Chou have balances of $163,500 and $117,600, respectively. LeAnne Gibent and Becky Ciarke are to be admitted

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The capital accounts of Trent Henry and Tim Chou have balances of $163,500 and $117,600, respectively. LeAnne Gibent and Becky Ciarke are to be admitted to the partnership. Gllbert buys one-fitth of Henry's interest for $37,600 and one-fourth of Chous interest for $25,900, Clarke contributes $39,900 cash to the parthership, for which she is to receive an ownership equity of $39,900. a1. Joumalize 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. Joumalize the entry to record the admission of Clarke. b. What are the capital balances of each partner after the admission of the new partners? a2. Joumalize the entry to record the admission of Clarke. b. What are the capital balances of each partner after the admission of the new partners

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