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Rodriguez and Ying start a partnership on July 1, 2025. Rodriguez contributes $3,600 cash, furniture with a current market value of $49,000, accounts payable
Rodriguez and Ying start a partnership on July 1, 2025. Rodriguez contributes $3,600 cash, furniture with a current market value of $49,000, accounts payable with a current market value of $17,000 and equipment with a current market value of $29,000. Which of the following is the correct journal entry to record Rodriguez's partnership investment? C OA Cash 3,600 Fumiture 49,000 Equipment 29,000 Accounts Payable 17,000 Rodriguez, Capital 98,600 OB. Cash 3,600 Fumiture 49,000 Equipment 29,000 Accounts Payable 17,000 Rodriguez, Capital 64,600 OC. Cash 3,600 Fumiture 49,000 Equipment 29,000 Accounts Payable 17,000 Rodriguez, Capital 6,600 OD. Accounts Payable Rodriguez, Capital Cash Fumiture Equipment 17,000 64,600 3,600 49,000 29,000
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