Hu$,$ Marcos, and Letterman share income on a $6$:$3$:$1$ basis. They have capital balances of $$82,000,$$$66,000,$ and $$46,500,$ respectively, when Buffett is admitted to the partnership.

Prepare the journal entry to record the admission of Buffett into the partnership if Buffett purchases one$-$half of Hu's equity for $$46,500$; one$-$half of Marcos's equity for $$29,000$; and one$-$third of Letterman's equity for $$14,000.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit