John and Anne are partners. John has a capital balance of $54,000 and Anne has a capital balance of $37,000. John sells $17,000 of his ownership to Bailey. Which of the following is TRUE of the journal entry to admit Bailey?

A. John, Capital will be credited for $17,000.

B. Bailey, Capital will be credited for $17,000.

C.Bailey, Capital will be debited for $17,000.

D.Cash will be debited for $17,000.