24. Help me selecting the right answer. Thank you Rodriguez and Ying start a partnership on July 1, 2025. Rodriguez contributes $4,200 cash, furniture with a current market value of $45,000,accounts payable with a current market value of $13,000 and equipment with a current market value of $25,000. Which of the following isthe correct journal entry to record Rodriguez's partnership investment?Cash4,20045,00025,00013,000FurnitureEquipmentAccounts PayableRodriguez, CapitalCashFurnitureEquipmentAccounts PayableRodriguez, CapitalCashFurnitureEquipmentAccounts PayableRodriguez, CapitalAccounts PayableRodriguez, CapitalCashFurnitureEquipment4,20045,00025,0004,20045,00013,00061,20087,20013,00061,20025,00013,00011,2004,20045,00025,000

Journal entry is the primary reporting of the day to day business transactions. These are recorded…

Rodriguez and Ying start a partnership on July 1, 2025. Rodriguez contributes $4,200 cash, furniture with a current market value of $45,000, accounts payable with a current market value of $13,000 and equipment with a current market value of $25,000. Which of the following is the correct journal entry to record Rodriguez's partnership investment? O Cash 4,200 Furniture Equipment Accounts Payable Rodriguez, Capital Cash Furniture Equipment Accounts Payable Rodriguez, Capital O Cash Furniture Equipment Accounts Payable Rodriguez, Capital O Accounts Payable Rodriguez, Capital Cash Furniture Equipment 45,000 25,000 13,000 4,200 45,000 25,000 4,200 45,000 13,000 61,200 87,200 13,000 61,200 25,000 13,000 11,200 4,200 45,000 25,000