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27. Donna, Rick, and Daisy are partners sharing profits 30%, 30% and 40% respectively. They have been overwhelmed by the amount of work recently and

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27. Donna, Rick, and Daisy are partners sharing profits 30%, 30% and 40% respectively. They have been overwhelmed by the amount of work recently and have agreed to admit Bud to the partnership for a $40,000 cash investment. The current balances in their capital accounts are $60,000, $80,000, and $200,000, respectively. Assuming Bud is given a 12.5% interest in the partnership, the entry to record his investment includes a: a. credit to Bud, capital for $40,000. c. credit to Rick, capital for $8.000 b. debit to Donna, capital for $2,250. d. credit to Bud, capital for $60,000. R Chal

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