Bloom and Plant organize a partnership on January $1.$ Bloom's initial investment consists of $$900$ cash, $$2,000$ equipment and a $$600$ note payable reflecting a bank loan for the new business. Plant's initial investment is cash of $$3,500.$ These amounts are the values agreed on by both partners. The journal entry to record Plant's investment is:

Multiple Choice

Debit Cash $$2,900$; debit Note Payable $$600$; credit Plant, Capital $$3,500.$

Debit Cash $$3,500$; credit Note Payable $$600,$ credit Plant, Capital $$2,900.$

Debit Bloom, Capital $$3,500$; credit Cash $$3,500.$

Debit Cash $$4,100$; credit Note Payable $$600$; credit Plant, Capital $$4,100.$

Debit Cash $$3,500$; credit Plant, Capital $$3,500.$