The capital accounts of Trent Henry and Tim Chou have balances of $145,500 and $98,300, respectively. LeAnne Gibert and Becky Clarke are to be admitted to the partnership Gibert buys one-fith of Henry's interest for $29,100 and one-fourth of Chou's interest for $19.500. Clarke contributes $74,500 cash to the partnership, for which she is to receive an ownership equity of $74,500 Required: 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 joumal explanations. Every line on a journal page is used for debit or 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? CHART OF ACCOUNTE Henry, Chou, Glibert, and Clarke General Ledger Chart of Accounts 133 Patent LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Trent Henry. Capital 311 Trent Henry, Drawing 312 Tim Chou, Capital 313 Tim Chou, Drawing 314 LeAnne Gilbert, Capital 315 LeAnne Gilbert, Drawing 316 Becky Clarke, Capital 317 Becky Clarke, Drawing 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense a. On December 3t, joumalize the entries to record the admission of (t) Gibert and (2) Clarke. Fefer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for joumat exptanations. EVery line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is ensored? b. What are the capital balances of each partner after the admission of the new partners