Title: The Brad and Marcia partnership agree to admit Fred with a one-third interest for $10,000. Brad and ... Post by: majestico on Jun 6, 2017 The Brad and Marcia partnership agree to admit Fred with a one-third interest for $10,000. Brad and Marcia's capital balances are $12,000, and $8,000, respectively, and they share profits and losses equally. The entry to admit Fred would include:
A) debit Cash $10,000; credit Fred, Capital $10,000. B) debit Cash $10,000; credit Brad, Capital $5,000; credit Marcia Capital $5,000. C) debit Cash $10,000; debit Brad, Capital $2,500; credit Marcia, Capital $2,500; credit Fred, Capital $10,000. D) debit Cash $10,000; credit Brad, Capital $2500; debit Marcia, Capital $2500; credit Fred, Capital $5,000. Title: Re: The Brad and Marcia partnership agree to admit Fred with a one-third interest for $10,000. Brad ... Post by: Laffio on Jun 6, 2017 Content hidden
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