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 $5,000.Brad and Marcia's capital balances are $3,000,and $7,000,respectively,and they share profits and losses equally.The entry to admit Brad would include:

A) debit Cash $5,000; credit Fred,Capital $5,000.
B) debit Cash $5,000; credit Brad,Capital $2000; debit Marcia,Capital $2000; credit Fred,Capital $5,000.
C) debit Cash $5,000; credit Brad,Capital $2,500; credit Marsha,Capital $2,500.
D) debit Cash $5,000; debit Brad,Capital $2,500; credit Marcia,Capital $2500; credit Fred,Capital $5,000.