The capital accounts of Aaron Garner and Ricardo Fernandez have balances of $180,000 and $120,000, respectively. Aisha Carpenter and Isabel Diaz are to be admitted to the partnership. Carpenter buys one-fifth of Garner's interest for $50,000 and one-fourth of Fernandez's interest for $32,000. Diaz contributes $90,000 cash to the partnership, for which she is to receive an ownership equity of $90,000.

a. Journalize the entries to record the admission of (1) Carpenter and (2) Diaz.

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