Lydia, James, and Lola are in a partnership together and each have capital balances of $250,000. A new partner, Shawn, pays James $200,000 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: a) Debit Capital-James $200,000, Debit Cash $50,000: Credit Capital-Shawn $250,000 b) Debit Cash $250,000; Credit Capital-Shawn $250,000 c) Debit Capital-James $250,000: Credit Capital-Shawn $250,000 d) No entry is made on the partnership's books as the transaction was made directly between James and Shawn