April and Cammy are partners who have agreed to admit Elena, who will invest $30,000 for a 20 percent interest. The previous capital balances were $30,000 and $60,000 for April and Cammy, respectively. April and Cammy had shared profits equally. The entry that records Elena's admission to the partnership is:
A) Cash 30,000 Elena, Capital 30,000
B) Cash 30,000 April, Capital 3,000Cammy, Capital 3,000Elena, Capital 24,000
C) Cash 24,000 Elena, Capital 24,000
D) Elena, Capital 6,000 Cash 6,000
B
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