Bloom and Plant organize a partnership on January $1.$ Bloom's initial investment consists of $$500$ cash, $$1,800$ equipment and a $$200$ note payable reflecting a bank loan for the new business. Plant's initial investment is cash of $$2,500.$ These amounts are the values agreed on by both partners. The journal entry to record Plant's investment is:

Multiple Choice

Debit Cash $$2,300$; debit Note Payable $$200$; credit Plant, Capital $$2,500.$

Debit Cash $$2,500$; credit Note Payable $$200,$ credit Plant, Capital $$2,300.$

Debit Bloom, Capital $$2,500$; credit Cash $$2,500.$

Debit Cash $$2,700$; credit Note Payable $$200$; credit Plant, Capital $$2,700.$

Debit Cash $$2,500$; credit Plant, Capital $$2,500.$