Reno contributed $150,000 in cash plus equipment valued at $23,000 to the RD Partnership. The journal entry to record the transaction for the partnership is Multiple Choice Debit Cash $150,000; debit Equipment $23,000, credit RD Partnership, Capital $173,000. Debit Cash $150,000; debit Equipment $23,000; credit Common Stock $173,000. Debit Cash $150,000; debit Equipment $23,000, credit Reno, Capital $173,000. Debit Reno, Capital $173,000, credit RD Partnership, Capital $173,000. Debit RD Partnership, Capital $173.000, credit Reno, Capital $173,000