Exercise 12-3 Journalizing partnership formation LO P1 15 Moss and Barber organize a partnership on January 1. Moss's initial net investment is $77,000, consisting of cash ($22,000), equipment ($73,000), and a note payable reflecting a bank loan for the new business ($18,000). Barber's initial investment is cash of $27,000. 15 points Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. 8 01:08:07 View transaction list View transaction list A Record the initial investment of Moss. B Record the initial investment of Barber