On November 30, capital balances are Forsyth $720,000, Lagasse $600,000 and Kelly $600,000. The income ratios are 20%, 20% and 60% respectively. Forsythia decides to retire from the partnership. The partnership pays Forsyth $600,000 cash for her partnership interest. After Forsyth's retirement, what is the balance of Kelly's capital account? O a. $528,000 b. $600,000 . $672,000 O d. $690.000 Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment, Accounts Receivable of $60,000; an Allowance for Doubtful Accounts of $9,000; and $6,000 cash. The entry that the partnership makes to record Nate's initial contribution includes a O a. Debit to Allowance for Doubtful Accounts for $9,000 O b. Credit to Nate, Capital for $66,000 O C. Debit to Accounts Receivable for $51,000 O d. Credit to Nate, Capital for $57,000