Tim and Michelle Have Decided to Form a Partnership with a 60/40

Tim and Michelle have decided to form a partnership with a 60/40 partnership interest ratio.Tim contributes $7,500 cash and $1,500 in merchandise inventory.While journalizing this transaction ________.

A) Tim,Capital will be debited for $9,000
B) Tim,Capital will be credited for $9,000
C) Tim,Capital will be credited for $6,000 and Michelle,Capital will be credited for $4,500
D) Tim,Capital will be debited for $6,000 and Michelle,Capital will be debited for $4,500

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