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Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the partnership by investing $20,000 cash. The

Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the partnership by investing $20,000 cash. The journal entry to record Santiago's contribution would include a credit of how much and to which account? Multiple choice question. Santiago, Capital; for $70,000 Santiago, Capital; for $20,000 Cash; for $70,000 Cash; for $20,000

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