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Brief Exercise 12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership, Ripley vests $84,000 cash, and Nichols contributes $56,000 cash and equipment

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Brief Exercise 12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership, Ripley vests $84,000 cash, and Nichols contributes $56,000 cash and equipment having a book value of $19,600 Prepare the entry to record choles investment in the partnership, assuming the equloment has a fair value of $28,000. (Credit account titles are automatically indented when . ) Account Titles and Explanation Debit Credit Click if you would like to show Work for this questions Show Question Attempts: 0 of 1 used LAVE FOR LATER SUERIT

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