Table 12-1 Hanna Contributes $55,000 Cash, Land That She Bought for $195,000

Table 12-1
Hanna contributes $55,000 cash, land that she bought for $195,000, and a building that cost her $140,000 and has been amortized $70,000, to the newly formed partnership of H & B Company. The current market value of the building is $200,000 and has an outstanding mortgage of $100,000. The current market value of the land is $390,000.
Barbara contributes $50,500 cash, equipment with a current market value of $80,000 with an outstanding note payable of $15,000, and an automobile with a current market value of $30,000. Barbara originally paid $60,000 for the equipment, which has been amortized $20,000. The partners have agreed to share profits and losses equally.
-Referring to Table 12-1,the entry to record the investment by Hanna includes a debit to:

A) building for $200,000
B) land for $195,000
C) building for $140,000
D) cash for $50,500