Floyd and Merriam Start a Partnership Business on June 12,2019 $$\begin{array} { | l | r | } \hline \text { Floyd } & \$ 51,000 \\\hline \text { Merriam } & 19,000 \\\hline\end{array}$$

Floyd and Merriam start a partnership business on June 12,2019.Their capital account balances as of December 31,2020 stood as follows: $$\begin{array} { | l | r | } \hline \text { Floyd } & \$ 51,000 \\\hline \text { Merriam } & 19,000 \\\hline\end{array}$$ Floyd and Merriam share profits and losses equally.They agreed to dissolve the partnership and start a new one,admitting Ramelow for one-half share in the capital in exchange for land with a market value of $66,000.Which of the following is the correct journal entry to record the introduction of Ramelow as a partner?

A) $$\begin{array} { | l | c | c | } \hline \text { Land } & 66,000 & \\\hline \text { Ramelow, Capital } & & 66,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | c | c | } \hline \text { Floyd, Capital } & 66,000 & \\\hline \text { Ramelow, Capital } & & 66,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | c | c | } \hline \text { Merriam, Capital } & 33,000 & \\\hline \text { Floyd, Capital } & 33,000 & \\\hline \text { Ramelow, Capital } & & 66,000 \\\hline\end{array}$$
D) $\begin{array}{|l|r|r|}\hline \text { Land } & 66,000 & \\\hline \text { Merriam, Capital } & 1,000 & \\\hline \text { Floyd, Capital } & 1,000 & \\\hline \text { Ramelow, Capital } & & 68,000 \\\hline\end{array}$