Brown pays $80,000 to the TS Partnership in exchange for 30% ownership. Before the admission of Brown, the other partners had the following capital accounts and profit and loss sharing percentages:

Tripper: $70,000 (60%)

Sprung: $50,000 (40%)

1.Using the bonus method, show the journal entry that the partnership will make to admit Brown.

2.What will be the balance in Tripper's capital account after the admission of Brown.