In the JK Partnership,Jacob's Capital Is $140,000,and Katy's Is $40,000

Multiple Choice

In the JK partnership,Jacob's capital is $140,000,and Katy's is $40,000.They share income in a 3:2 ratio,respectively.They decide to admit Erin to the partnership.Each of the following questions is independent of the others.
-Refer to the information provided above.Erin invests $50,000 for a one-fifth interest in the total capital of $230,000.The journal entry to record Erin's admission into the partnership would include

A) a debit to Jacob,Capital for $2,400.
B) a credit to Erin,Capital for $50,000.
C) a credit to Katy,Capital for $1,600.
D) a credit to Cash for $50,000.