Bill, Bob, and Bo$,$ are partners in the Trendy Company, a retailer of inexpensive kids' wear. They share profits and losses in a $1$:$4$:$5$ ratio and have decided to expand their business territory. They have agreed to admit Burt to the partnership for a cash investment. Their capital balances are currently $$60,000,$ $$100,000,$ and $$140,000,$ respectively.

Assuming Burt contributes $$80,000$ for a $20\%$ interest, the entry to record his investment in the partnership includes a:

Group of answer choices

credit to Bo$,$ Capital, for $$10,000$

debit to Bill, Capital for $$2,000$

credit to Burt, Capital for $$76,000$

debit to Bob, Capital for $$8,000$