Black and Blue formed a partnership, agreeing to share profits equally. After closing entries, the balances in their capital accounts are P36,000 and P45,000, respectively. Blue sells her interest in the partnership to White for P52,000. The entry on the partnership books to record this event includes a: a. debit to cash for P52,000 b. credit to White, capital for P45,000 c. credit to White, capital for P52,000 d. debit to Blue, capital for P3,500

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