Cash Contributed to a Joint Operation Was Used to Purchase

Cash contributed to a joint operation was used to purchase Equipment ($100 000) and raw materials ($70 000) . The following entry would be part of the overall recording of these transactions:

A) $\begin{array} { l l c } \text { DR } & \text { Equipment } & \$ 100,000 \\\text { DR } & \text { Raw materials } & \$ 70,000 \\\text { CR } & \text { Cash } & \$ 170,000 ;\end{array}$
B) $\begin{array} { l l r } \text { DR } & \text { Work in progress } & \$ 170,000 \\\text { CR } & \text { Joint operation capital } & \$ 170,000 ;\end{array}$
C) DR Cash $\quad$ $\$ 170,000$
DR Contribution to joint operation $\quad \$ 170,000$ ;
D) $\begin{array} { l l r } \mathrm { DR } & \text { Cash } & \$ 170,000 \\\mathrm { CR } & \text { Equipment } & \$ 100,000 \\\mathrm { CR } & \text { Raw materials } & \$ 70,000 .\end{array}$