David and Daniel Formed a Partnership

Multiple Choice

David and Daniel formed a partnership.David invested $10,000,cash; Daniel invested $5,000 cash and equipment valued at $6,000.The proper entry to record this is to:

A) debit Cash $15,000; debit Equipment $6,000; credit Capital $21,000.
B) debit Cash $15,000; debit Equipment $6,000; credit Accounts Payable $21,000.
C) debit Cash $15,000; debit Equipment $6,000; credit David's Capital $10,000; and credit Daniel's Capital $10,000.
D) debit Cash $15,000; debit Equipment $6,000; credit David's Capital $10,000; and credit Daniel's Capital $11,000.