Jane's Investment in a New Partnership Includes $4,000 Cash and Equipment

Jane's investment in a new partnership includes $4,000 cash and equipment at a fair value of $10,000. The new partnership is assuming $2,200 of Jane's accounts payable. The partnership entry should be to:

A) debit Jane, Capital $11,800; debit Accounts Payable $2,200; credit Cash $4,000; credit Equipment $10,000.
B) debit Cash $4,000; debit Equipment $10,000; credit Jane, Capital $14,000.
C) debit Cash $4,000; debit Equipment $10,000; credit Accounts Payable $2,200; credit Jane, Capital $11,800.
D) debit Jane, Investment $14,000; credit Capital $14,000.