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James Wants to Invest Cash So That He Will Have

Question 27

Multiple Choice

James wants to invest cash so that he will have a one-third interest in Thomas and Stanley's company.The capital balances are $6,000 Thomas,$9,000 Stanley.The admission of James would be to:


A) debit Cash $3,000;credit James,Capital $3,000.
B) debit Cash $4,500;credit James,Capital $4,500.
C) debit Cash $7,500;credit James,Capital $7,500.
D) debit Cash $12,000;credit James,Capital $12,000

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