The capital accounts of Trent Henry and Tim Chou have balances of S147,400 and $92,600, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership Gilbert buys one-fifth of Henry's interest for $27,400 and one-fourth of Chou's interest for 519,000. Clarke contributes 575,000 cash to the partnership, for which she is to receive an ownership equity of S75,000. Required: a. On December 31, journalize the entries to record the admission of (t) Gilbert and (2) Clarke. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered b. What are the capital balances of each partner after the admission of the new partners? a. On December 31, journalize the entries to record the admission of (1) Gilbert and (2) Clarke. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations Every line on a journal page is used for debut or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DELLIT CREDIT ASSETS LIBRITIES BOUT 1 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 $