A Partnership Recorded the Following Journal Entry This Entry Reflects:
A) Acceptance of a New Partner Who

Multiple Choice

A partnership recorded the following journal entry:
$\begin{array}{ | l | r| r| }\hline \text{Cash} \ldots \ldots \ldots \ldots \ldots\ldots \ldots \ldots \ldots \ldots& 70,000 & \\\hline \text{B. Tanner, Capital} \ldots \ldots \ldots & 10,000\\\hline \text{R. Jackson, Capital} \ldots \ldots \ldots& 10,000\\\hline \text{ \quad H. Rivera, Capital} \ldots \ldots \ldots& & 90,000\\\hline\end{array}$
This entry reflects:

A) Acceptance of a new partner who invests $70,000 and receives a $20,000 bonus.
B) Withdrawal of a partner who pays a $10,000 bonus to each of the other partners.
C) Addition of a partner who pays a bonus to each of the other partners.
D) Additional investment into the partnership by Tanner and Jackson.
E) Withdrawal of $10,000 each by Tanner and Jackson upon the admission of a new partner.