Accounting 48 Partnerships 1. Nathan Long is entering into a partnership with Terri. Nathan is investing $2,000 cash and equipment currently on Nathan's books at $6,000 and accumulated depreciation of $1,000 equipment include The has a fair market value of $4,000. The entry to record Nathan's investment should A debit Cash $2,000, debit Equipment $6,000, credit Accumulated Depreciat $1,000, credit Long Capital $7,000 debit Cash $2,000, $2,000, credit Long Capital $6,000 B. C. debit Long Capital $6,000, debit Accumulated Depreciation $2,000, credit Cash $2,000 D. debit Equipment $6,000, credit Accumulated Depreciation credit Equipment $6,000. debit Cash $2,000; debit Equipment $4,000, credit Long Capital $6,000 None of the above. E