A Company recorded the following accounting entry: Cash 60,000 B. Creek, Capital 10,000 R. Berrios, Capital 10,000 H. Castro, Capital 80,000

The entry reflects:

a. The acceptance of a new partner who invests $60,000 and receives a bonus of $20,000 from the other existing partners.

b. Retirement of a partner who pays the other partners a bonus of $10,000 each.

c. A new partner who pays existing partners a bonus of $10,000 each

d. Existing partners investing $10,000 each