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Bobbi and Stuart are partners. The partnership capital of Bobbi is $37,000 and that of Stuart is $75,800. Bobbi sells his interest in the partnership
Bobbi and Stuart are partners. The partnership capital of Bobbi is $37,000 and that of Stuart is $75,800. Bobbi sells his interest in the partnership to John for $66,100. The journal entry to record the admission of John as a new partner would include a credit to
a.John's capital account for $37,000 and a credit to Stuart's capital account for $75,800
b.John's capital account for $66,100
c.John's capital account for $37,000
d.Stuart's capital account for $56,400
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