DUUN Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 2013 Cash $56,600 Accounts receivable Less: Allowance for doubtful accounts $106,400 6,200 100,200 255,000 Land Equipment Less: Accumulated depreciation-equipment $99,000 61,100 37,900 Total assets $449,700 $31,700 Accounts payable Notes payable 92,000 Hannah Freeman, capital 326,000 Total liabilities and owner's equity $449,700 Freeman obtained appraised values for the land and equipment as follows: Land $354,000 29,600 Equipment An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,100. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Check My Work Next >