Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:

Floyd	$51,000
Merriam	19,000

Floyd and Merriam share profits and losses equally. They agreed to dissolve the partnership and start a new one, admitting Ramelow for one-half share in the capital in exchange for land with a market value of $66,000. Which of the following is the correct journal entry to record the introduction of Ramelow as a partner?

A)

Land	66,000
Ramelow, Capital		66,000

B)

Floyd, Capital	66,000
Ramelow, Capital		66,000

C)

Merriam, Capital	33,000
Floyd, Capital	33,000
Ramelow, Capital		66,000

D)

Land	66,000
Merriam, Capital	1,000
Floyd, Capital	1,000
Ramelow, Capital		68,000