Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000 . Bobbi sells his interest in the partnership to John for $50,000 . The journal entry to record the admission of John as a new partner would include
a. a credit to John's capital account for $40,000
b. a credit to Stuart's capital account for $10,000
c. a credit to John's capital account for $50,000
d. a credit to John's capital account for $40,000 and a credit to Stuart's capital account for $10,000
a
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