The journal entry if Ahmad and Ali established a new partnership with $60,000 cash divided 4:1 respectively Select one: a. Debit: cash 60,000. Credit: Ahmad capital 48,000 and Ali capital 12,000 b. Debit: Ahmad capital 48,000 and Ali capital 12,000. Credit: cash 60,000 C. Debit: cash60,000. Credit: Ali capital 48,000 and Ahmad capital 60,000 d. Debit: Ali capital 12,000 and cash 48,000. Credit: Ahmad Capital 60,000