NEWS The journal entry if Ahmad and Ali established a new partnership with $60,000 cash divided equally Select one: O a. Debit: Ahmed capital 60,000. Credit: Ali capital 30,000 and cash 30,000 O b. Debit: Ali capital 30,000 and cash 30,000. Credit: Ahmed Capital 60,000 C. Debit: Ahmed capital 30,000 and Ali capital 30,000. Credit: cash 60,000 d. Debit: cash 60,000. Credit: Ahmed capital 30,000 and Ali capital 30,000. c O