SReising Contributed $48,000 in Cash Plus Equipment Valued at $73,000

Multiple Choice

S.Reising contributed $48,000 in cash plus equipment valued at $73,000 to the Reising Construction Partnership.The equipment had a book value of $65,000.The journal entry to record the transaction for the partnership would include a:

A) Debit to Equipment for $73,000.
B) Debit to Equipment for $65,000.
C) Credit to S.Reising,Capital for $113,000.
D) Credit to Common Stock for $121,000
E) Credit to the Gain on Asset for $8,000.