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Instructions Jesse and Tim forma partnership by combining the assets of their separate businesses. Jesse contributos accounts receivable with a face amount of 550,000 and equipment with a cost of $180,000 and accumulated depreciation of S100,000. The partners agree that the equipment is to be valued at 558,000, that $3,600 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,000 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Tim contributes cath of $21000 and marchandise Inventory of 544,500. The partneru agree that the merchandise inventory is to be valued at $40,000 Required: sownasze trio entries to record in the partnership accounts (a) Jesse's investment and (b) Tv's investment. Refer to the Chart of Accounts for exact worting of account tiles General Journal Je ent with col C Tp. On December 31, Journize the entrios to record in the partnerstwp accounts (a) Jesse Wivestment and (b) Tim's investment. Refer to the Chart of Accounts for exact wording of account titles wa butes $2 Josse's Investment PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 58,000.00 Equipment Accounts Receivable 46,500.00 Tim's Investment PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Cash 2