39. Help me selecting the right answer. Thank you Raul and Bianca are partners. Raul has a capital balance of $46,000 and Bianca has a capital balance of $33,000. Bianca sells half of herownership interest to Bill for $18,500. Which of the following is TRUE of the journal entry to record this transaction?Bianca, Capital is credited for $18,500 and Raul, Capital is debited for $18,500.Bill, Capital is credited for $16,500 and Bianca, Capital is debited for $16,500.Bill, Capital is credited for $18,500 and Raul, Capital is debited for $18,500.Bianca, Capital is credited for $16,500 and Raul, Capital is debited for $16,500.

Journal entry is the reporting of the business transactions on daily basis in order to prepare a…

Raul and Bianca are partners. Raul has a capital balance of $46,000 and Bianca has a capital balance of $33,000. Bianca sells half of her ownership interest to Bill for $18,500. Which of the following is TRUE of the journal entry to record this transaction? O Bianca, Capital is credited for $18,500 and Raul, Capital is debited for $18,500. O Bill, Capital is credited for $16,500 and Bianca, Capital is debited for $16,500. O Bill, Capital is credited for $18,500 and Raul, Capital is debited for $18,500. O Bianca, Capital is credited for $16,500 and Raul, Capital is debited for $16,500.