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Brian Tanner Contributed $18,000 in Cash Plus Office Equipment with a Fair

Question 52

Multiple Choice

Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is:


A)
Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is: A) B) C) D) E)
B)
Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is: A) B) C) D) E)
C)
Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is: A) B) C) D) E)
D)
Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is: A) B) C) D) E)
E) Brian Tanner contributed $18,000 in cash plus office equipment with a fair value of $30,000 to the BT Partnership.In addition,the partnership assumed a $10,000 note payable.The journal entry to record the transaction is: A) B) C) D) E)

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