Exercise 12-4 Recording partnership formation P1 Steffi and Leigh form a partnership. Steffi invests $1,000 cash, $2,000 of supplies, inventory with a market value of $3,000, and machinery with a market value of $4,000. Prepare the partnership's journal entry to record Steffi's investment.

Exerclse 12-4 Recording partnershlp formation P1 Steff and Leigh form a partnership, Steffi invest\$ $1,000 cash, $2,000 of supplies, inventory with a inarket value of $3,000. and machinery with a market value of $4,000. Prepare the partnership's journal entry to record Steff's irvestment