11. (5 points) Craig and Gary form a partnership by combining the assets of their separate businesses. Craig contributes accounts receivable with a face amount of $50,000 and equipment with a cost of $180,000 and accumulated depreciation of $100,000. The partners agree that the equipment is to be valued at $58,000. Gary contributes cash of $25,000 and merchandise inventory of $44,500. The partners agree that the merchandise inventory is to be valued at $48,000. Journalize the entries to record +in the partnership accounts (a) Craig's investment and (b) Gary's investment. Date Debit Credit