b

Moss and Barber organize a partnership on January 1, Moss's initial net investment is $80,000, consisting of cash ($17,000), equipment ($77,000), and a note payable reflecting a bank loan for the new business ($14.000). Barber's initial investment is cash of $41,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment, View transaction list Journal entry worksheet Record the initial investment of Moss. Note: Enter debts before credits General Journal Debit Credit Transaction (1) Racord entry Clear entry View general journal