Rodriguez and Ying Start a Partnership Business on July 1

Rodriguez and Ying start a partnership business on July 1, 2014. Rodriguez brings in cash worth $4,000, furniture with a current market value of $50,000, payables with a current market value of $15,000 and equipment with a current market value of $26,000. Which of the following is the correct journal entry to record the above transaction?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 4,000 & \\\hline \text { Furniture } & 50,000 & \\\hline \text { Equipment } & 26,000 & \\\hline \text { Payables } & 15,000 & \\\hline \text { Rodriguez, Capital } & & 95,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 4,000 & \\\hline \text { Furniture } & 50,000 & \\\hline \text { Equipment } & 26,000 & \\\hline \text { Payables } & & 15,000 \\\hline \text { Rodriguez, Capital } & & 65,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 4,000 & \\\hline \text { Furniture } & 50,000 & \\\hline \text { Equipment } & & 26,000 \\\hline \text { Payables } & & 15,000 \\\hline \text { Rodriguez, Capital } & & 13,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Payables } & 15,000 & \\\hline \text { Rodriguez, Capital } & 65,000 & \\\hline \text { Cash } & & 4,000 \\\hline \text { Furniture } & & 50,000 \\\hline \text { Equipment } & & 26,000 \\\hline\end{array}$$