The Brad and Marcia Partnership Agree to Admit Fred with a One-Third

Multiple Choice

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 $2500;debit Marcia,Capital $2500;credit Fred,Capital $5,000.
C) debit Cash $10,000;credit Brad,Capital $5,000;credit Marcia Capital $5,000.
D) debit Cash $10,000;debit Brad,Capital $2,500;credit Marcia,Capital $2,500;credit Fred,Capital $10,000.