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James, Evan, and Kimberly are partners and share income and losses equally. The partnership's capital balances are James, $24,000; Evan, $36,000; and Kimberly, $45,000.

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James, Evan, and Kimberly are partners and share income and losses equally. The partnership's capital balances are James, $24,000; Evan, $36,000; and Kimberly, $45,000. Charlie is admitted to the partnership on July 1 with 10% equity and invests $15,000. The journal entry to record Charlie's admission into the partnership would contain a: Multiple Choice Debit to Capital, Kimberly for $1,000. Credit to Capital, Charlie for $15,000. Credit to Capital, Evan for $1,000. Credit to Cash for $15,000. Debit to Capital, Charlie for $12,000.

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