Keith and Jim are partners.Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000.Jim sells $15,000 of his ownership to Bill.Which of the following is true of the journal entry to admit Bill?
A) Bill,Capital will be debited for $17,000.
B) Jim,Capital will be debited for $17,000.
C) Jim,Capital will be credited for $15,000.
D) Bill,Capital will be credited for $15,000.
Correct Answer:
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