uestion 1 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal entry: O A. Debit: Assets $105,000, Credit: Partnership Capital $105,000. O B. Debit: Ahmed Capital $105,000; Credit: Cash $70,000 and Machines $35,000. O C. Debit: Cash $70,000 and Machines $35,0003; Credit: Partnership Capital $105,000. O D. Debit: Cash $70,000 and Machines $35,0003; Credit: Ahmed Capital $105,000.

uestion 1 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal edy O A. Debit: Assets $105,000, Credit: Partnership Capital $105,000 OB. Debit: Ahmed Capital $105,000, Credit: Cash $70,000 and Machines $35,000 Oc Debit: Cash $70,000 and Machines $35,000 Credit: Partnership Capital $105,000. O D. Debit: Cash $70,000 and Machines $35,000, Credit: Ahmed Capital $105,000 nilaction will save this response