Reno Contributed $104,000 in Cash Plus Equipment Valued at $27,000

Multiple Choice

Reno contributed $104,000 in cash plus equipment valued at $27,000 to the RD Partnership.The journal entry to record the transaction for the partnership is:

A) Debit Cash $104,000;debit Equipment $27,000;credit RD Partnership,Capital $131,000.
B) Debit Cash $104,000;debit Equipment $27,000;credit Common Stock $131,000.
C) Debit Cash $104,000;debit Equipment $27,000;credit Reno,Capital $131,000.
D) Debit Reno,Capital $131,000;credit RD Partnership,Capital $131,000.
E) Debit RD Partnership,Capital $131,000;credit Reno,Capital $131,000.