6. Jenn Smith and Mike Yang have a small business consulting partnership. They share profits and losses as detailed in their partnership agreement that gave Jenn a salary allowance of $115,000 and Mike $90,000 with any unallocated profit (loss) shared 3:2. Prepare the entry to close the Income Summary account at December 31, 2020, assuming a debit balance of $80,000. 7. On June 17, 2020, Bishop agrees to invest $30.000 into an online custom T-shirt print shop business for a 40% interest in total partnership equity. At the time Bishop is admitted, the existing partners. Pollard and Mission, each have a $30,000 capital balance. Prepare the entry on June 17 to record admission to the partnership. Any bonus is to be shared equally by Pollard and Mission