Keith and Jim Are Partners

Multiple Choice

Keith and Jim are partners.Keith has a capital balance of $54,000 and Jim has a capital balance of $32,000.Jim sells $11,000 of his ownership to Bill.Which of the following is true of the journal entry to admit Bill?

A) Bill,capital will be debited for $21,000.
B) Bill,capital will be credited for $11,000.
C) Jim,capital will be debited for $21,000.
D) Jim,capital will be credited for $11,000.