Sasha and Michelle form a partnership.Sasha contributes $16,000 cash and merchandise inventory with a current market value of $3000.While journalizing this transaction ________.
A) Merchandise Inventory will be credited for $3000
B) Merchandise Inventory will be debited for $3000
C) Merchandise Inventory will be credited for $13,000
D) Merchandise Inventory will be debited for $13,000
Correct Answer:
Verified
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