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Angela Moss and Autumn Barber organize a partnership on January 1. Moss's Initlal net Investment is $85,000, consisting of cash ($21,000), equipment ($80,000), anda note
Angela Moss and Autumn Barber organize a partnership on January 1. Moss's Initlal net Investment is $85,000, consisting of cash ($21,000), equipment ($80,000), anda note payable reflecting a bank loan for the new business ($16,000). Barber's initial investment Is cash of $35,000. These amounts are the values agreed on by both partners Prepare journal entries to record (1) Moss's Investment and (2) Barber's Investment. View transaction list Journal entry worksheet
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