Ann and Barb had capital balances of $75,000 and $150,000 respectively when Cindy invested $165,000 for a 40% ownership of the business. Ann and Barb share profits and losses in a 40:60 ratio. Which statement is correct? Select answer from the options below Cindy's capital account will be credited for $165,000. Cindy's capital account will be debited for $165,000. Cindy's capital account will be debited for $156,000. Cindy's capital account will be credited for $156,000.
