L. Trevino and B. Hogan combine their individual sole proprietorships to start the Trevino-Hogan partnership. L. Trevino and B. Hogan invest in the partnership as follows Book Value Fair Value Trevino Hogan Trevino Hogan Cash $21,000 $6,000 $21,000 $6,000 AR 9,000 3,000 9,000 3,000 Allowance for Doubtful Accounts (1,500) (600) (2,100) (900) Equipment 15,000 24,000 13,500 9,000 Accumulated Depreciation (3,000) (9,000)

The entries to record the investment will include a credit to:

a. Trevino, Capital of $40,500

b. Hogan, Capital of $17,100

c. Trevino, Capital of $42,000

d. Hogan, Capital of $23,100

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