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Dave Krug contributed $3,000 cash along with inventory and land to a new partnership. The inventory had a book value of $2.800 and a market

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Dave Krug contributed $3,000 cash along with inventory and land to a new partnership. The inventory had a book value of $2.800 and a market value of $6,000. The land had a book value of $3,400 and a market value of 59,000. The partnership also accepted a $5,000 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 worksheet

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