Chart of Accounts Journal Holly Renfro contributed a patent, accounts recelvable, and $22,340 cash to a partnership. The patent had a book value of $8,650. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $92,840. The accounts receivable control account was $34,300, with an allowance for doubtful accounts of $2,.200. The partnership also assumed a $9,010 account payable owed to a Renfro's supplier. On December 31, provide the journal entry for Renfro's contribution to the partnership. Refer to the Chart of Accounts for exact wording of account titles. 11:51