Rebecca Stepanik has operated an apartment-location service as a proprietorship. She and Kristen Clem have decided to reorganize the business as a partnership. Stepanik's investment in the partnership consists of cash, \(\$ 2,100\); accounts receivable, \(\$ 10,600\), less allowance for uncollectibles, \(\$ 800\); office furniture, \(\$ 2,700\), less accumulated depreciation, \(\$ 1,100\); a small building, \(\$ 55,000\), less accumulated depreciation, \(\$ 27,500\); accounts payable, \(\$ 3,300\); and a note payable to the bank, \(\$ 10,000\).

To determine Stepanik's equity in the partnership, she and Clem hire an independent appraiser. This outside party provides the following market values of the assets and liabilities that Stepanik is contributing to the business: cash, accounts receivable, office furniture, accounts payable, and note payable-the same as Stepanik's book value; allowance for uncollectible accounts, \(\$ 2,900\); building, \(\$ 71,000\); and accrued expenses payable (including interest on the note payable), \(\$ 1,200\).

\section*{Required}

Make the entryon the partnership books to record Stepanik's investment.