q4

Question 4 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership . This transaction is recorded by the following journal entry: O A. Debit: Cash $70,000 and Machines $35,000; Credit: Partnership Capital $105,000. B. Debit: Ahmed Capital $105,000; Credit: Cash $70,000 and Machines $35,000 . OC. Debit: Cash $70,000 and Machines $35,000; Credit: Ahmed Capital S105.000. OD. Debit: Assets $105,000; Credit : Partnership Capital $105,000