Joan contributes cash of $48,000, and Jamie contributes office equipment that cost $40,000 but is valued at $32,000 to the formation of a new partnership. The entry to record the investments in the partnership is: a. Cash 48,000 Equipment 40,000 Capital, Joan 48,000 Capital, Jamie 32,000 Loss, Jamie 8,000 b. Cash 48,000 Equipment 32,000 Capital, Joan 48,000 Capital, Jamie 32,000 c. Cash48,000 Equipment 40,000 Capital, Joan 48,000 Capital, Jamie 40,000 d. Cash 48,000 Equipment 40,000 Loss 8,000 Capital, Joan 48,000 Capital, Jamie 48,000