7. Homer Evans and Sal Macey are forming a partnership to develop a golf course. Evans contributes cash of $1,100,000 and land with a current market value of $9,900,000. When Evans purchased the land in 2012, it cost $7,800,000. Macey contributes cash of $2,600,000 and equipment with a current market value of $750,000. Journalize the partnership's receipt of assets from Evans and Macey. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the partnership's receipt of assets from Evans Debit Credit Date Accounts and Explanation Now journalize the partnership's receipt of assets from Macey Debit Credit Date Accounts and Explanation