The capital accounts of Trent Henry and Tim Chou have balances of $$160,000$ and $$100,000,$ respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership. Gilbert buys one$-$fifth of Henry's interest for $$35,000$ and one$-$fourth of Chou's interest for $$29,000.$ Clarke contributes $$90,000$ cash to the partnership, for which she is to receive an ownership equity of $$90,000.$

a$1.$ Journalize the entry to record the admission of Gilbert. If an amount box does not require an entry, leave it blank.

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a$2.$ Journalize the entry to record the admission of Clarke. If an amount box does not require an entry, leave it blank.

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b$.$ What are the capital balances of each partner after the admission of the new partners?

Partner

Capital Balance

$\backslash$table$[[$Trent Henry$],[$Tim Chou$]]$