Instructions The capital accounts of Jamie Dexter and Max Gee have balances of $148,600 and $84,200,...

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Instructions The capital accounts of Jamie Dexter and Max Gee have balances of $148,600 and $84,200, respectively. Darcey Lind and Loren Rothman are to be admitted to the partnership. Darcey Lind buys one-fifth of Jamie Dexter's interest for $28,800 and one-fourth of Max Gee's interest $21,200. Loren Rothman contributes $76,300 cash to the partnership, for which she is to receive an ownership equity of $76,300. a. On December 31, journalize the entries to record the admission of (1) Darcey Lind and (2) Loren Rothman. b. What are the capital balances of each partner after the admission of the new partners? Final Question b. What are the capital balances of each partner after the admission of the new partners? Partner Jamie Dexter, Capital Capital Balance $118,880 $63,150 Darcey Lind, Capital Loren Rothman, Capital $50,000 $76,300 X Max Gee, Capital General Journal Feedback Check My Work Compute the balance for each partner's Capital account bas The purchase price paid for each interest by Lind is not a pa partnership accounts. DATE DESCRIPTION 1 Dec. 31 Jamie Dexter, Capital 2 Max Gee, Capital 3 Darcey Lind, Capital 4 Dec. 31 Cash 5 Loren Rothman, Capital Shaded cells have feedback. Shaded cells have feedback. PAGE 10 JOURNAL Score: 57/63 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 28,800.00 21,200.00 -> 50,000.00 - 76,300.00 76,300.00 S Points: 10.86/12 Instructions The capital accounts of Jamie Dexter and Max Gee have balances of $148,600 and $84,200, respectively. Darcey Lind and Loren Rothman are to be admitted to the partnership. Darcey Lind buys one-fifth of Jamie Dexter's interest for $28,800 and one-fourth of Max Gee's interest $21,200. Loren Rothman contributes $76,300 cash to the partnership, for which she is to receive an ownership equity of $76,300. a. On December 31, journalize the entries to record the admission of (1) Darcey Lind and (2) Loren Rothman. b. What are the capital balances of each partner after the admission of the new partners? Final Question b. What are the capital balances of each partner after the admission of the new partners? Partner Jamie Dexter, Capital Capital Balance $118,880 $63,150 Darcey Lind, Capital Loren Rothman, Capital $50,000 $76,300 X Max Gee, Capital General Journal Feedback Check My Work Compute the balance for each partner's Capital account bas The purchase price paid for each interest by Lind is not a pa partnership accounts. DATE DESCRIPTION 1 Dec. 31 Jamie Dexter, Capital 2 Max Gee, Capital 3 Darcey Lind, Capital 4 Dec. 31 Cash 5 Loren Rothman, Capital Shaded cells have feedback. Shaded cells have feedback. PAGE 10 JOURNAL Score: 57/63 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 28,800.00 21,200.00 -> 50,000.00 - 76,300.00 76,300.00 S Points: 10.86/12