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18 May, 06:55

Raul and Bianca are partners, Raul has a capital balance of $45,000 and Bianca has a capital balance of $36,000. Bianca sells half of her ownership interest to Bill for $20,000. which of the following is true of the journal entry to record this transaction?

A. Bill Capital is credited for $20.000 and Raul, Capital is debited for $20,000

B. Bill. Capital is credited for $18,000 and Bianca Capital is debited for $18.000

C. Bianca, Capital is credited for $20,000 and Raul, Capital is debited for $20.000.

D. Bianca Capital is credited for $18,000 and Raul, Capital is debited for $18,000

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Answers (1)
  1. 18 May, 09:08
    0
    B

    Explanation:

    36,000's half is 18,000
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