Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of John as a new partner would include

a. a credit to John's capital for $40,000 and a credit to Stuart's capital for $10,000.

b. a credit to Stuart's capital for $10,000.

{C}

c. a credit John's capital for $50,000.

d. a credit to John's capital for $40,000.