Sasha and Michelle Form a Partnership

Multiple Choice

Sasha and Michelle form a partnership.Sasha contributes $16,000 cash and merchandise inventory with a current market value of $3000.While journalizing this transaction ________.

A) Merchandise Inventory will be credited for $3000
B) Merchandise Inventory will be debited for $3000
C) Merchandise Inventory will be credited for $13,000
D) Merchandise Inventory will be debited for $13,000