NEED ASAP 30 MINS

QUESTION 7 5 p Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Before admission of Wayne, Debra's capital was $200,000 and Merina's capital was $160,000, and they shared profit and loss in a ratio of 2:3, respectively. Wayne invested $110,000 cash to the partnership for 25% capital interest in the partnership. If the revaluation method is to be used to adjust inventory, "Merina, capital account should be: (Hint: /s inventory under- or over-valued?) A. debited for $6,000. B. debited for $18,000. C. credited for $18,000. D. credited for $6,000. 5 po QUESTION 8