Jones and Smith are partners with capital balances of $14,000 each (equal partners). Brown is admitted as a partner by investing $23,000 cash in the partnership. Brown is to have a 1/3 interest in the partnership equity and profits. The entry to admit Brown as a partner is:

a. Cash 23,000

Jones, Capital. 3,000

Smith, Capital......... 3,000

Brown, Capital 17,000

b. Cash 23,000

Brown, Capital 23,000

c. Cash 23,000 Goodwill. 6,000

Brown, Capital 23,000

Jones, Capital. 3,000

Smith, Capital......... 3,000

d. Cash 23,000

Jones, Capital. 7,666

Smith, Capital......... 7,666

Brown, Capital 7,667

e. None of the above.