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Edwin and Darren have decided to form a partnership. Edwin contributes $77,000 cash and merchandise...

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Accounting

Edwin and Darren have decided to form a partnership. Edwin contributes $77,000 cash and merchandise inventory with a current market value of $22,000. Darren contributes $2,100 cash and office furniture with a current market value of $2,900. When journalizing the transaction ________.

A.

Office Furniture will be debited for $930

B.

Office Furniture will be credited for $2,900

C.

Office Furniture will be debited for$2,900

D.

Office Furniture will be credited for $ 930

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