Yuanne Sipp and Letitia Grimes share partnership income on a 3:2 basis. They have capital balances of $550,000 and $284,000, respectively, when Tammy Tuck is admitted to the partnership.

(a)

Prepare the journal entry to record the admission of Tammy Tuck assuming Tuck invests $336,000 for a 25% ownership interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)