Ex$.6[$Try to solve$]$

A and $B$ partners in $AB$ partnership with capital balances of $$100,000$ and $$120,000.$ The income distribution ratio is $2$:$3.$ C agreed to invest $$60,000$ in the partnership in exchange with $30\%$ of the total capital.

Required:

Journalize the required entry for the admission of $C$ in the partnership

What are the capital balances after the admission of the new partner?