April and Cammy are partners who have agreed to admit Elena,who will invest $30,000 for a 20 percent interest.The previous capital balances were $30,000 and $60,000 for April and Cammy,respectively.April and Cammy had shared profits equally.What amount will be recorded in Elena's Capital account?
A)$12,000 credit
B)$24,000 credit
C)$30,000 credit
D)$18,000 credit

Question

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The Answer of April and Cammy are partners who have agreed to admit Elena,who will invest $30,000 for a 20 percent interest.The previous capital balances were $30,000 and $60,000 for April and Cammy,respectively.April and Cammy had shared profits equally.What amount will be recorded in Elena's Capital account?
A)$12,000 credit
B)$24,000 credit
C)$30,000 credit
D)$18,000 credit

April and Cammy Are Partners Who Have Agreed to Admit