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: A Debit: Cash $70,000 and Machines $35,000; Credit: Partnership Capital $105,000 OB. Debit: Ahmed Capital S105,000; Credit: Cash $70,000 and Machines $35,000. C Debit Cash $70,000 and Machines $35,000; Credit : Ahmed Capital 5105 000 OD. Debit Assets S105,000 Credit : Partnership Capital $105,000