Dave Krug contributed $1,200 cash along with inventory and land to a new partnership. The inventory had a market value of $2,400. The land had a market value of $5,400. The partnership also accepted a $3,200 note payable owed by Krug to a creditor. Prepare the partnership's journal entry to record Krug's investment. View transaction list Journal entry worksheet A Record the investment of Krug. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry