Question: Reno contributed $214,000 in cash plus equipment valued at $39,000 to the RD Partnership. The journal entry to record the transaction for the partnership is: Multiple Choice Debit Cash $214,000; debit Equipment $39,000; credit RD Partnership, Capital $253,000. Debit Cash $214,000; debit Equipment $39,000; credit Common Stock $253,000. Debit Cash $214,000; debit Equipment $39,000; credit Reno, Capital $253,000. Debit Reno, Capital $253,000; credit RD Partnership, Capital $253,000. Debit RD Partnership, Capital $253,000; credit Reno, Capital $253,000.