Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship:

Hannah Freeman Proprietorship
Balance Sheet
June 1, 20Y3
Cash			$42,350
Accounts receivable	$79,600
Less: Allowance for doubtful accounts	4,700		74,900
Land			191,000
Equipment	$74,000
Less: Accumulated depreciation-equipment	45,700		28,300
Total assets			$336,550
Accounts payable			$23,700
Notes payable			68,950
Hannah Freeman, capital			243,900
Total liabilities and owner's equity			$336,550

Freeman obtained appraised values for the land and equipment as follows:

Land	$265,000
Equipment	22,100

An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $6,900.

Journalize the partnership's entry for Freemans investment. For a compound transaction, if an amount box does not require an entry, leave it blank.

	Cash
	Accounts Receivable
	Land
	Equipment
	Allowance for Doubtful Accounts
	Accounts Payable
	Notes Payable
	Hannah Freeman, Capital