3. The Chen and Jones partnership agree to admit Alice with a one-third interest for $2,000. Chen and Jones' capital balances are $3,000 and $4,000, respectively, and they share profits and losses equally. The entry to admit Alice would include: a. debit Cash $2,000; credit Alice, Capital $2,000 b. debit Cash $2,000, debit Chen, Capital $500, debit Jones, Capital $500 credit Alice, Capital $3,000 c. debit Cash $2,500, credit Alice, Capital $2,500 d. debit Cash $2,000, debit Chen, Capital $750, debit Jones, Capital $250: credit Alice, Capital $3,000 e none of the above are correct Bertha's investment in a new partnership includes $1,000 cash and $5,000 equipment. The new partnership is assuming $500 of Bertha's accounts payable. The partnership entry should include: a. debit Bertha, Capital $5,500; debit Accounts Payable $500; credit Cash $1,000; credit Equipment $5,000 debit Cash $1,000, debit Equipment $5,000, credit Bertha Capital, b. $6,000.00 c. debit Bertha, Investment $5,500; credit Capital $5,500 d. debit Cash $1,000; debit Equipment $5,000, credit Accounts Payable $500; credit Bertha, Capital, $5,500. e. none of the above are correct Joseph pays Stephanie $5,000 for her $4,000 interest in a partnership On the partne a. Joseph will have capital of $4,000 b. Joseph will have capital of $5,000. c. Joseph will receive a bonus. d. e. both (a) and (d) are correct The old partners will receive a bonus