Keith and Jim are partners. Keith has a capital balance of

$ 48 comma 000$48,000

and Jim has a capital balance of

$ 31 comma 000$31,000.

Jim sells

$ 18 comma 000$18,000

of his ownership to Bill. Which of the following is true of the journal entry to admit Bill?

A.

Bill, Capital will be credited for

$ 18 comma 000$18,000.

B.

Jim, Capital will be credited for

$ 18 comma 000$18,000.

C.

Jim, Capital will be debited for

$ 13 comma 000$13,000.

D.

Bill, Capital will be debited for

$ 13 comma 000$13,000.