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Dave Krug contributed $2,000 cash along with inventory and land to a new partnership. The inventory had a market value of $4,000. The land had

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Dave Krug contributed $2,000 cash along with inventory and land to a new partnership. The inventory had a market value of $4,000. The land had a market value of $7,000. The partnership also accepted a $4.000 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

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