1 "6 Points" 1. Rami and Hakam start a partnership on July 1, 2019. Rami 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. Prepare the journal entry to record Rami's partnership investment? "3 Point 2. On June 30, 2018, AB Company discarded equipment costing $60,000. Accumulated Depreciation as of December 31, 2017, was $37,500. Assume annual depreciation on the equipment is $3,000. Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment. "3 Points