Exercise 12-2 K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $51,820of personal cash to the partnership. Rosen owns land worth $11,520and a small building worth $77,930, which she transfers to the partnership. Toso transfers to the partnership cash of $12,020, accounts receivable of $28,670and equipment worth $22,810. The partnership expects to collect $25,803of the accounts receivable.

Prepare the journal entries to record each of the partners investments.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
CashDecker, CapitalLandBuildingsAccounts ReceivableRosen, CapitalEquipmentAllowance for Doubtful AccountsToso, Capital
EquipmentAllowance for Doubtful AccountsToso, CapitalDecker, CapitalCashLandBuildingsRosen, CapitalAccounts Receivable
(To record investment of Decker.)
Rosen, CapitalDecker, CapitalEquipmentLandBuildingsAccounts ReceivableAllowance for Doubtful AccountsToso, CapitalCash
Accounts ReceivableToso, CapitalCashDecker, CapitalEquipmentBuildingsAllowance for Doubtful AccountsRosen, CapitalLand
Decker, CapitalBuildingsRosen, CapitalAllowance for Doubtful AccountsEquipmentToso, CapitalCashLandAccounts Receivable
(To record investment of Rosen.)
CashRosen, CapitalAccounts ReceivableEquipmentLandDecker, CapitalAllowance for Doubtful AccountsToso, CapitalBuildings
Decker, CapitalCashAllowance for Doubtful AccountsLandRosen, CapitalBuildingsAccounts ReceivableEquipmentToso, Capital
Accounts ReceivableEquipmentAllowance for Doubtful AccountsCashToso, CapitalDecker, CapitalLandBuildingsRosen, Capital
BuildingsEquipmentAllowance for Doubtful AccountsAccounts ReceivableToso, CapitalLandRosen, CapitalCashDecker, Capital
LandToso, CapitalCashAllowance for Doubtful AccountsAccounts ReceivableBuildingsEquipmentDecker, CapitalRosen, Capital
(To record investment of Toso.)

What amount would be reported as total owners equity immediately after the investments?

Total owners equity

$

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