Instructions Jesse and Tim forma partnership by combining the assets of their separate businesses Jesse contributes accounts receivable with a face amount of $50,000 and equipment with a cost of $176,000 and accumulated depreciation of $99,000. The partners agree that the equipment is to be valued at $68, 100, that $3,300 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $1,900 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Tim contributes cash of $21,500 and merchandise inventory of $45,000. The partners agree that the merchandise inventory is to be valued at $48,500 Required: Journalize the entries to record in the partnership accounts (a) Je860's investment and (b) Tim's investment Refer to the Chart of Accounts for exact wording of account uitles