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Application Problem: Journalizing partners investments and withdrawals May 1. Received cash of $4,000.00 and equipment valued at $66,000.00 from partner, Alka Wozniak, as an investment.

Application Problem: Journalizing partners investments and withdrawals May 1. Received cash of $4,000.00 and equipment valued at $66,000.00 from partner, Alka Wozniak, as an investment. Receipt No. 1. 1. Received cash from partner, Florian Kaminski, as an initial investment, $60,000.00. Receipt No. 2. 30. Florian Kaminski, partner, withdrew cash for personal use, $7,200.00. Check No. 42. 30. Alka Wozniak, partner, withdrew supplies for personal use, $9,600.00. Memorandum No. 8.

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