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Suppose that Juma and Khamis form a partnership to sell yard equipment Juma contributes cash of OMR25,000 and office furniture with a cost of OMR15,000,

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Suppose that Juma and Khamis form a partnership to sell yard equipment Juma contributes cash of OMR25,000 and office furniture with a cost of OMR15,000, accumulated depreciation of OMR5,000, and a current market value of OMR8,000. The journal entry correctly records Juma's contribution to the partnership would be: 25,000 Select one: O a. Cash Office Furniture Smith, Capital O b. Smith, Capital Cash 15,000 40,000 25,000 25,000 25,000 Oc Cash Office Furniture Smith, Capital Od Smith, Capital Capital 8,000 33,000 25,000 25,000

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