Table 12-6 Donna, Rick, and Daisy Are Partners Sharing Profits in a in a 3:3:4

Table 12-6
Donna, Rick, and Daisy are partners sharing profits in a 3:3:4 ratio, respectively. They have been overwhelmed by the amount of work recently and have agreed to admit Bud to the partnership for a cash investment. The current balances in their capital accounts are $60,000, $80,000, and $120,000, respectively.
-Refer to Table 12-6.Assuming Bud is given a 15% interest in the partnership for a $70,000 cash investment,the entry to record his investment includes a:

A) credit to Donna, Capital for $6,150
B) credit to Bud, Capital for $70,000
C) debit to Rick, Capital for $6,150
D) credit to gain on sale of partnership interest for $20,500