T Andrews Contributed $14,000 to the T & B Partnership

question 26

Multiple Choice

T. Andrews contributed $14,000 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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Definitions:

Tornado

A violently rotating column of air extending from a thunderstorm to the ground, capable of devastating destruction.

Abyssal Zone

A deep section of the ocean, characterized by very high pressure, low temperatures, and complete darkness.

Benthos

Organisms that live on, in, or near the seabed, part of the complex ecosystem of the ocean floor.

Decomposer

Organisms that break down dead or decaying organisms, contributing to the nutrient cycle by recycling nutrients back into the ecosystem.