Question 11 RAY and FAY are forming a partnership. RAY is transferring to the partnership cash of 524.000 and an equipment currently worth $17.00 which had und der 56.000. FAY is transferring 5 33.000 cash and accounts receivables of $ 10.000. Journalice the transaction for forming this partnership for A Dr. Cash 24.000. Equipment 17.000/r. Rays Capital 41.000 B. Dr. Cash 24.000. Equipment 11.000 / C. Ray's Capital 35.000 c. Or. Cash 24.000. Equipment 17,000/ Cr. Accumulated Depreciation 6.000. Ray's Capital 35.000 D. Dr. Cash 24.000 / Cr. Equipment 17.000 Ray's Capital 41.000 E. Dr. Cash 24.000. Accumulated Depreciation 6.000/Cr. Equipment 17.000. Ray's Capital 13.000