beyonce Sheffield and Brittany Field decide to form a partnership by combining the assets of their separate businesses. Sheffield contributes the following assets to the parnership: cash, $18,000; accounts receivable with a face amount of $146,000 and an allowance for a doubtful accounts of $4,200; merchandise inventory with a cost of $92,00; and equipment with a cost of $136,000 and accumulated depreciation of $45,000. The partners agree thet $5,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $5.700 is a reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price of $98,400, and that the equipment is to be valued at $81,500. Journalize the partnership's entry to record Sheffield's investment.