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Tom paid $60,000 to Dick for 75% of Dick's interest in the DH Partnership. At that time, Dick's capital balance was $90,000. The entry to

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Tom paid $60,000 to Dick for 75% of Dick's interest in the DH Partnership. At that time, Dick's capital balance was $90,000. The entry to record Tom's admission to the partnership would include O a credit to Tom's capital account for $60,000. adebit to Tom's capital account for $60,000. O a credit to Tom's capital account for $67,500 a debit to Tom's capital account for 567.500. Sove for Later Submit

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