David and Daniel formed a partnership. David invested $12,000, cash; Daniel invested $7,000 cash and equipment with a fair value of $5,000. The proper entry to record this is to:

a. debit Cash $19,000; debit Equipment $5,000; credit Capital $24,000.

b. debit Cash $19,000; debit Equipment $5,000; credit Accounts Payable $24,000

c. debit Cash $19,000; debit Equipment $5,000; credit David's Capital $12,000; and credit Daniel's Capital $12,000.

Selected:d. debit Cash $19,000; credit David's Capital $12,000; and credit Daniel's Capital $7,000