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Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests dollar 27.000 cash, and Nichols contributes dollar 13,000 cash and equipment having

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Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests dollar 27.000 cash, and Nichols contributes dollar 13,000 cash and equipment having a book value of dollar 6,300. Prepare the entry to record Nichols's investment in the partnership, assuming the equipment has a fair value of dollar 9.000. (Credit account titles are automatically indented when amount Is entered. Do not indent manually.)

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