loan to partner, the debit side will be in the partnership Select one: a. cash b. partner loan c. No entry d. partner capital B and s formed a partnership. B contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000, S contributed a new Building costing 40,000 has a fair value off 55,000 What is the combined total capital that would recorded on partnership Select one: a. 75,000 b. 60,000 C. 90,000 d. 79,000 When the non-cash property is invested in a partnership, the non-cash property recorded according to: Select one: a. Historical value b. The book value c. fair value d. Conversion the non-cash property to cash The credit side in journal entry to close income of the year Select one: a. withdrawal b. income summary C. capital of partner d. cash