Jack has been operating a restaurant as a proprietorship. He and Michel have decided to form a partnership. Jack investment consists of cash, $6,000; accounts receivable, $14,000; fumiture, $15,000; a building, $50,000; and a note payable, $20,000. To determine Jack equity in the partnership, they hired an independent appraiser. The appraiser values all the assets and liabilities at their book value except the building. which has a current market value of $106,000. Also, there are additional accounts payable of $5,000 that Jack will contribute. Michel will contribute cash equal to Jack's equity in the partnership. (15 points) a. Journalize the entry on the partnership books to record Jack's investment. b. Journalize the entry on the partnership books to record Michel's investment.