James wants to invest cash so that he will have a one-third interest in Thomas and Stanley's company.The capital balances are $2,000 Thomas,$6,000 Stanley.The admission of James would be to:
A) debit Cash $2,666.67; credit James,Capital $2,666.67.
B) debit Cash $5,333.33; credit James,Capital $5,333.33.
C) debit Cash $3,000; credit James,Capital $3,000.
D) debit Cash $4,000; credit James,Capital $4,000.
Correct Answer:
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