Willa opened a new business by investing the following assets: cash, $16,000; land, $23,000; building, $100,000. Also, the business will assume responsibility for a note payable of $22,000. Willa signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Willa?

Select one:

A.

Assets		139,000
	Liability		22,000
	Eli, Capital		117,000

B.

Cash		16,000
Land		23,000
Building		100,000
	Eli, Capital		139,000

C.

Cash		3,000
Assets		136,000
	Eli, Capital		139,000

D.

Assets		139,000
	Eli, Capital		139,000

E.

Cash		16,000
Land		23,000
Building		100,000
	Note Payable		22,000
	Eli, Capital		117,000