Question: Please show work Question 4 (3 points) In the AB partnership, A's capital is $140,000, and B's is $40,000. They share income in a 3:2

Please show work

Please show work Question 4 (3 points) In the AB partnership, A's

Question 4 (3 points) In the AB partnership, A's capital is $140,000, and B's is $40,000. They share income in a 3:2 ratio, respectively. They decide to admit C to the partnership. C invests $50,000 to the partnership for a 1/5 interest in the total capital of $230,000. The journal entry to record C's admission into the partnership would include O a debit to A, Capital for $2,400. O a credit to B, Capital for $1,600 O a credit to Cash for $50,000. O a credit to C, Capital for $50,000

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