Investment in a Partnership: Bonus to New Partner A.B.& Care Partners in the ABC Partnership and share Profits and Losses in the ratio of 1: 2:3. Their Capital account balances are : A Cap $50,000 B Cap 35,000 C Cap 25,000 Mr. D. a Whizkid on Wall Street, is invited to join the partnership and he contributes $10,000 for a 30% interest in the Partnership. REQUIRED: Record the Journal Entry for the Admission of Mr. D