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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 iand had
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 iand 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 Journal entry worksheet
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