Tim and Michelle Have Decided to Form a Partnership

Multiple Choice

Tim and Michelle have decided to form a partnership.Tim contributes $7800 cash and $2100 in inventory.While journalising this transaction:

A) Tim,capital will be debited for $9900.
B) Tim,capital will be credited for $9900.
C) Tim,capital will be debited for $5700 and Michelle,capital will be debited for $3600.
D) Tim,capital will be credited for $5700 and Michelle,capital will be credited for $3600.