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ASAP! Problem 2 :Smith contributes $75,000 cash to the partnership, and Jones contributes cash of $10,000, land that was purchased for $15,000 two years ago

ASAP!

Problem 2

:Smith contributes $75,000 cash to the partnership, and Jones contributes cash of $10,000, land that was purchased for $15,000 two years ago but has a current value of $20,000, and a building purchased for $50,000 two years ago and currently has a book value of $45,000 and a market value of $70,000.

what is a Journal entry: ??

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