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A credit to Nat Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment, Accounts Receivable of 3 $60,000;
A credit to Nat Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment, Accounts Receivable of 3 $60,000; an Allowance for Doubtful Accounts of $9,000; and $6,000 cash. The entry that the partnership makes to record Nate's initial contribution includes a B debit to AC C credit to Na debit to A D $9,000
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