Wooley and Murley each sell 1/3 of their partnership interest to Downer, receiving $20,000 each. At the time of the admission, each partner has a $60,000 capital balance. The entry to record the admission of Downer will show a

Select one:

A.

debit to Cash for $40,000.

B.

debit to Wooley, Capital for $20,000.

C.

credit to Downer, Capital for $60,000.

D.

debit to Murley, Capital for $60,000.