Lydia, James, and Lola are in a partnership together and each have capital balances of $200,000. A new partner, Shawn, pays James $250,000 directly for 100% of his interest in the new partnership. replacing him in the partnership. The journal entry on the books of the partnership to account for this transaction would be: Question 24 options: A) No entry is made on the partnership's books as the transaction was made directly between James and Shawa B) Debit Capital-James $200,000; Credit Capital-Shawn $200,000 C) Debit Capital-James $200,000, Debit Cash 550,000; Credit Capital-Shawh S250,000 D) Debit Cash $250,000, Credit Capital-Shawn $250,000 Save