full and clear

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's initial net investment is $75,000, consisting of cash ($20,000), equipment ($70,000), and a note payable reflecting a bank loan for the new business ($15,000). Barber's initial investment is cash of $26,000. These amounts are the values agreed on by both partners. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list Journal entry worksheet 1 2 Record initial investment of Moss. Note: Enter debits before credits. Debit Transaction (1) Record entry General Journal Clear entry Credit View general journal >