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What is the answer? Question 1 Ahmed a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded
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Question 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 Cash $70,000 and Machines $35,000, Credit Ahmed Capital S105,000 Debit Ahmed Capital $105,000 Credit Cash $70,000 and Machines $35.000 OD. Debit Cash $70.000 and Machines $35.000 Credit Partnership Capital $105.000 Step by Step Solution
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