Tim and Michelle have decided to form a partnership with a 60/40 partnership interest ratio. Tim contributes $7500 cash and merchandise inventory with a cost of $1,200 and a market value of $1500, and accounts payable valued at $800. While journalizing this transaction ________.

A) Tim, Capital will be debited for $8,200

B) Tim, Capital will be credited for $8,200

C) Tim, Capital will be credited for $8,700

D) Tim, Capital will be debited for $6000 and Michelle, Capital will be debited for $4500