Lauras investment in a new partnership includes $1,000 in cash and $5,000 of equipment. The new partnership is assuming $500 of Lauras accounts payable. The partnership entry should be which of the following?

a/ Debit Lauras Capital $5,500; debit Accounts Payable $500; credit Cash $1,000; credit Equipment $5,000

b/ Debit Cash $1,000; debit Equipment $5,000; credit Lauras Capital $6,000

c/ . Debit Cash $1,000; debit Equipment $5,000; credit Accounts Payable $500; credit Lauras Capital $5,500

d/ Debit Lauras Investment $5,500; credit Capital $5,500