answer before 5

balance of $80,000. 1 QS 11-7 Admission of a partner LO4 Ramos and Bailey have a frozen yogurt shop in Victoria, BC. They are equal partners, with $30,000 in each of their partnership capital accounts. Bailey's sister Kate is admitted to the partnership on October 1, 2020, after paying $30,000 to the partnership for a one-third interest. Prepare the entry to show Kate's admission to the partnership