David Tan purchased a company that owned assets with a market value of $500,000 and liabilities worth $400,000. He paid $150,000 for the company. The journal entry (entries) to record the purchase will include a: Select one: O a. Debit to total assets of $500,000 and a debit to goodwill of $50,000. b. Debit to total assets of $500,000 and a credit to goodwill of $50,000. c. Debit to total assets of $450,000 and a debit to goodwill of $50,000. d. Debit to goodwill of $50,000 and a credit to cash of $40,000. Next page o here to search