Rodriguez and ying start a partnership on july 1, 2019. rodriguez contributes $4,100 cash, furniture with a current market value of $47,000, accounts payable with a current market value of $16,000 and equipment with a current market value of $23,000. which of the following is the correct journal entry to record rodriquez's partnership investment?

Explanation:

The journal entry is shown below:

Cash A/c Dr                    $4,100

Equipment A/c Dr           $23,000

Furniture A/c Dr              $47,000

          To Account payable                $16,000      

          To Rodriguez's Capital            $58,100

(Being all adjustments are recorded and the remaining balance is credited to Rodriguez's Capital.

Remaining balance is calculated by

= Cash A/c + Equipment A/c + Furniture A/c - Accounts payable

= $4,100 + $23,000 + $47,000 - $16,000

= $74,100 - $16,000

= $58,100

answer; i believe the correct answer is (tall); ///good luck

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