Horace Greedy, M.D. and Louse Shurshot, M.D. have capital balances of $210,000 and $170,000, respectively. Greedy and Shurshot are admitting Chris Blud, M.D. to their partnership. Blud agrees to pay Greedy $25,000 to purchase $21,000 of Greedy's ownership interest and Blud also is to contribute cash of $30,000 to the firm for a total ownership equity of $51,000. Indicate which journal entry would be needed to admit Chris Blud, M.D. to the partnership. O A. Debit Cash: 30,000; Debit Horace Greedy, Capital: 21,000; Credit Chris Blud, Capital: 51,000 B. Debit Cash: 55,000; Debit Horace Greedy, Capital: 21,000; Credit Chris Blud, Capital: 76,000 OC. Debit Cash: 55,000; Credit Horace Greedy, Capital: 4,000; Credit Chris Blud, Capital: 51,000 O D. Debit Cash: 25,000; Debit Horace Greedy, Capital: 26,000; Credit Chris Blud, Capital: 51,000

Horace Greedy, M.D. and Louse Shurshot, M.D. have capital balances of $210,000 and $170,000, respectively. Greedy and Shurshot are admitting Chris Blud, M.D. to their partnership. Blud agrees to pay Greedy $25,000 to purchase $21,000 of Greedy'c ownership interest and Blud also is to contribute cash of $30,000 to the firm for a total ownership equity of $51,000. Indicate which journal entry would be needed to admit Chris Blud, M.D. to the partnership. A. Debit Cash: 30,000; Debit Horace Greedy, Capital: 21,000; Credit Chris Blud, Capital: 51,000 B. Debit Cash: 55,000; Debit Horace Greedy, Capital: 21,000; Credit Chris Blud, Capital: 76,000 C. Debit Cash: 55,000 ; Credit Horace Greedy, Capital: 4,000 ; Credit Chris Blud, Capital: 51,000 D. Debit Cash: 25,000; Debit Horace Greedy, Capital: 26,000; Credit Chris Blud, Capital: 51,000