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Jamal Hans and Jos Martn are forming a partnership to develop a golf course. Hand contributes cash of 850,000 and lad with a current market

Jamal Hans and Jos Martn are forming a partnership to develop a golf course. Hand contributes cash of 850,000 and lad with a current market value of 12,000,000. When Hans purchased the land in 2012, it cost 8,000,000 Martin contributes cash of 2,400,000 and equipment with a current market value of 750,000. Journalize the partnership receipt of assets from Hans and Martin

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