Angela Moss and Autumn Barber organize a partnership on January $1.$ Moss's initial net investment is $$90,000,$ consisting of cash $),$ equipment $),$ and a note payable reflecting a bank loan for the new business $($$$12,000).$ Barber's initial investment is cash of $$28,000.$ These amounts are the values agreed on by both partners.

Prepare journal entries to record $(1)$ Moss's investment and $(2)$ Barber's investment.

Journal entry worksheet

$1$

$2$

Record initial investment of Moss.

Note: Enter debits before credits.

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