Entries and Balance Sheet for Partnership On April 1, 2011, Whitney Lang and Eli Capri form a partnership. Lang agrees to invest $9,100 cash and merchandise inventury valued at $24,600. Cap vests certain busness assets at valuations agreed upon, transfers business fabilities, and contributes sufficient cash to bring his total capital to $61,000. Details regarding the book values of the Inimess assets and liabilities, and the agreed valuations, follow: Capri's Ledger Agreed-Upon Balance Balance Accounts Receivable $13,900 $11,100 Allowance for Doubtful Accounts 000 800 Merchandise Inventory 16,200 21.700 Equipment 27,300 26,500 Accumulated Depreciation Equipment 9,100 Accounts Payable 4,900 4,900 Notes Payable (current) 3,000 3,000 The partnership agreement includes the following provisions regarding the division of net income interest of 12% on original investments, salary allowances of $27,300 (Lang) and $10,700 (Capri), and the remainder equally Required: 1. Journalize the entries to record the investments of (1) Lang and (2) Capri in the partnership accounts. For a compound transaction, if an amount bax does not require an entry leave it blank ACCOUNT DEBIT CREDIT