Monitoring operations and keeping the company on track is part of the A) controlling function B) directing function C) planning function D) strategic function Tim and Michelle have decided to form a partnership with a 60/40 partnership interest ratio. Tim contributes $7500 cash and merchandise inventory with a market value of $1500. While journalizing this transaction A) Tim, Capital will be debited for $9000 B) Tim, Capital will be credited for $9000 C) Tim, Capital will be credited for $6000 and Michelle, Capital will be credited for $4500 D) Tim, Capital will be debited for $6000 and Michelle, Capital will be debited for $4500