Instructions Jesse and Tim forma partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $15000 and equipment with a cost of $183,000 and accumulated depreciation of S100,000. The partners agree that the equipment is to be valued at $68,500, that $3,100 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $1,600 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Tim contributes cash of $20,000 and merchandise inventory of 545,500. The partners agree that the merchandise inventory is to be valued at $19.000 Required: Joumalize the entries to record in the partnership accounts (a) Jesse's investment and (b) Tim's investment. Refer to the Chart of Accounts for exact wording of account titles - investment Un December 31, journalize the entrs to record in the partnership accounts (a) Jesse investment and (b) Tim Refer to the Chart of Accounts for exact wording of accounts Jesse's Investment JOURNAL PORE CREDIT Tim's Investment JOURNAL DESCRIPTION POSTREK DEBIT CREDIT