Bob paid $20,000 to Carol for 25% of Carols interest in the ACT Partnership and paid $30,000 to Ted for 20% of Teds interest in the business. At that time, Carols capital balance was $90,000 and Teds was $110,000. The entry to record Bobs admission to the partnership would include

a debit to Bobs capital account for $44,500.

a debit to Bobs capital account for $50,000.

a credit to Bobs capital account for $50,000.

a credit to Bobs capital account for $44,500.