TAndrews Contributed $14,000 in to the T & B Partnership

question 30

Multiple Choice

T.Andrews contributed $14,000 in to the T & B Partnership.The journal entry to record the transaction for the partnership is:

• A)Debit Cash $14,000;credit T & B Partnership,Capital $14,000.
• B)Debit Cash $14,000;credit T.Andrews,Capital $14,000.
• C)Debit T & B Partnership $14,000;credit T.Andrews,Capital $14,000.
• D)Debit T.Andrews,Capital $14,000;credit T & B Partnership,Capital $14,000.
• E)Debit Cash $14,000;credit Common Stock $14,000.

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