9. Pedro has $38,000 capital and Fay has $28,000 capital in the Pedro & Fay partnership. Pedro and Fay share profits and losses equally Randall Ricardo contributes cash of $30,000 to acquire a 25% interest in the new partnership. the partnership's receipt of the $30,000 from Ricardo. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit