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QUESTIONS Reno contributed 5104,000 in cash plus equipment valued at $27.000 to the RD Partnership. The journal entry to record the transaction for the partnership
QUESTIONS Reno contributed 5104,000 in cash plus equipment valued at $27.000 to the RD Partnership. The journal entry to record the transaction for the partnership is: Debit Cash $104.000; debit Equipment $27.000: credit Reno, Capital 5131.000. Debit RD Partnership, Capital $131.000; credit Reno, Capital $131.000. Debit Reno, Capital $131.000: credit RD Partnership. Capital $131.000 Debit Cash $104.000: debit Equipment $27.000: credit Common Stock $131.000. O Debit Cash $104,000: debit Equipment $27.000: credit RD Partnership. Capital $131.000
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