How do I create a journal entry for the following date?

On May 1, 2021, Jace and Tanner formed a partnership. Each contributed assets with the following agreed-upon valuations. Jace invested $80,000 cash and equipment valued at $50,000. Tanner invested $20,000 cash, equipment valued at $60,000, building valued at $240,000 with a long-term loan valued at $100,000, Required: Prepare a separate journal entry to record each partner's contributions. (Hint: Do this before entering this assignment) Make sure to create your entry in proper form. Reminder: 1. Date 2. Debit and Amount 3. Credit and Amount 4. Explain including source documents, length of time, creditor or customer name, etc