BE 150 Brandy and Johnson decide to organize a partnership. Brandy invests $35,000 cash Johnson contributes $6,000 and equipment having a book value of $4, 500 and a fair market value of $11,000. Instructions Prepare the entry to record each partner's investment. BE 151 Tonto Company and Ranger Company decide to merge their proprietorships into a partnership called Westward Ho Company. The balance sheet of Ranger Company shows: The partners agree that the net realizable value of the receivables is $13500 and that the fair market value of the equipment is $16,000. Instructions Indicate how the four accounts should appear in the opening balance sheet of the partnership