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Anita Kroll and Aaron Rogers organize a partnership on January 1. Kroll???s initial net investment is $60,000, consisting of cash ($14,000), equipment ($66,000), and a

Anita Kroll and Aaron Rogers organize a partnership on January 1. Kroll???s initial net investment is $60,000, consisting of cash ($14,000), equipment ($66,000), and a note payable reflecting a bank loan for the new business ($20,000). Rogers???s initial investment is cash of $25,000. These amounts are the values agreed on by both partners. Prepare journal entries to record (1) Kroll???s investment and (2) Rogers???s investment. Copyright | McGraw-Hill Higher Education | Fundamental Accounting Principles, Vol 2 (Chapters 12-25) | Edition 20 | iv76518@hotmail.com | Printed from www.chegg.com From: undefined Source:ISBN: 0077554698 | Title: Fundamental Accounting Principles, Vol 2 (Chapters 12-25) | Publisher: McGraw-Hill Higher Education

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