partner contributed land to a5 points artnership that was originally urchased for $50,000 but has current market value of 90,000 . The entry to record the vestment is: Debit Land, \$90,000; Credit Capital, $90,000 Debit Land, $50,000 and Gain on Land, \$40,000; Credit Capital, $90,000 Debit Land, \$90,000; Credit Capital, $50,000 and Gain on Land, $40,000 Debit Land, \$50,000; Credit Capital, $50,000