The equity of a partnership of $150,000 is equally shared by Partners A, B and C. A new partner wants to join the partnership and will pay $45,000 for 25% of the partnership because this partner brings a valuable customer list. The entry to record the transaction includes a:
Select one:
a. Debit to the existing partners’ capital accounts of $1,250
b. Credit to the new partner’s capital account of $45,000
c. Credit to the existing partners’ capital accounts of $1,250
d. Debit to the existing partner’s capital accounts of $3,750
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