Business, 30.03.2021 20:10, catherinesquitieri

R. Stetson contributed $14,000 in cash plus office equipment valued at $7,000 to the SJ Partnership. The journal entry to record the transaction for the partnership is: a. Debit Cash $14,000; debit Office Equipment $7,000; credit R Stetson, Capital $21,000.
b. Debit Cash $14,000; debit Office Equipment $7,000; credit SJ Partnership, Capital $21,000.
c. Debit SJ Partnership $21,000; credit R. Stetson, Capital $21,000.
d. Debit R. Stetson, Capital $21,000; credit SJ Partnership, Capital $21,000.
e. Debit Cash $14,000; debit Office Equipment $7,000; credit Common Stock $21,000.

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R. Stetson contributed $14,000 in cash plus office equipment valued at $7,000 to the SJ Partnership....