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What lin should receive a debit to her capital account of

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Problem 1: SUHO Partnership had a net income of P8,000,000 for the month ended September 30, 2020. SEO purchased an interest in the SUHO Partnership of LIN and DO by paying LIN P32,000 for half of her capital and half of her 50% percent profit sharing interest on October 1, 2020. At this time, LIN capital balance was P24,000 and DO capital balance was P56,000. LIN should receive a debit to her capital account of:

A) P20,000

B) P16,000

C) P26,667

D) P12,000

Reference no: EM132821477

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