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Could you guys help this question,,,? Question 1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $21,600 cash, and Nichols

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Question 1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $21,600 cash, and Nichols contributes $11,000 cash and equipment having a book value of $4,320. Prepare the entry to record Nichols's investment in the partnership, assuming the equipment has a fair value of $5,760. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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