Question: A Moving to another question will save this response. Question 3 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the

A Moving to another question will save this response. Question 3 Ahmed, a new partner, contributed $70,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal entry: O A. Debit: Ahmed Capital $105,000, Credit: Cash $70,000 and Machines $35,000 O B. Debit: Cash $70,000 and Machines $35,000; Credit: Partnership Capital $105,000. O C. Debit: Assets $105,000; Credit: Partnership Capital $105,000. O D. Debit: Cash $70,000 and Machines $35,000, Credit: Ahmed Capital $105,000
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