Reno contributed $289,000 in cash plus equipment valued at $40,000 to the RD Partnership. The journal entry to record the transaction for the partnership is:

Debit RD Partnership, Capital $329,000; credit Reno, Capital $329,000.

Debit Cash $289,000; debit Equipment $40,000; credit Common Stock $329,000.

Debit Cash $289,000; debit Equipment $40,000; credit Reno, Capital $329,000.

Debit Reno, Capital $329,000; credit RD Partnership, Capital $329,000.

Debit Cash $289,000; debit Equipment $40,000; credit RD Partnership, Capital $329,000. 6.25 points