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Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $68,600 and $31,300, respectively. With the consent
Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $68,600 and $31,300, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $41,600. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership? Oa. $68,600 b. $41,600 Oc. $34,300 Od. $31,300
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