28 X invests the following assets in a new partnership: $30,000 in cash, and equipment that cost $70,000 but has a book value of $34,000 and fair value of $40,000. Hampton, Capital will be credited for $64,000. ed out of question Select one: True 0 False 29 if X, Y, Z are three partners on 1/1/2020 the capital balance are ( 10,000 15,000 20,000) respectively on the same date X agree to purchase 50% of Z capital what are the Debit side of the journal ? ut of Select one: a. Z capital 10,000 question b. x capital 10,000 C. cash 20,000 d. cash 10,000 tion 30 The journal entry if Ahmad and Ali established a new partnership with $60,000 cash divided equally et Bered ked out of Flag question Select one: CL a. Debit. All capital 30,000 and cash 30,000. Credit: Ahmed Capital 60,000 b. Debit: Ahmed capital 60,000. Credit: Ali capital 30,000 and cash 30,000 d! Debit: Ahmed capital s0,000 and All capital 30,000. Credit: cash 60,000 d. Debit: cash 60,000. Credit: Ahmed capital 30,000 and Ali capital 30,000