C) $4,000 D) $19,500 Floyd and Merrian start a partnership business on June 12, 2019. Their capital account balances as c December 31, 2020 stood as follows: 7 Famw 7) Floyd Merriamn $50,000 20,000 Floyd agrees to sell off half of his share to Ramelow in exchange for $30,000 cash. Which of the follo the correct journal entry in the books of the firm for the above transfer of interest? A) Cash 30 Ramelow, Capital 30 B) Cash 30 Floyd, Capital Ramelow, Capital 25 Floyd, Capital 25 Ramelow, Capital 30 25,000 D) Cash Floyd, Capital amelow, Capital 55,000