When a new partner joins and brings cash for goodwill, we need to make specific journal entries.
First, the Premium for Goodwill Account is debited because the new partner is paying for the goodwill of the business.
Next, the Gaining Partner’s Capital Account is credited. This is because the gaining partner is receiving a share of the goodwill.
Lastly, the Sacrificing Partner’s Capital Account is credited. This reflects that the sacrificing partner is giving up part of their share for the new partner.
So, the correct entries involve (A), (B), and (C) only.
Thus, the correct answer is option 2: (A), (B), and (C) only.