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James and Diane formed a partnership on 4/1/2021. James transferred in $20,000 of personal cash to the partnership Diane transferred accounts receivable of $30,000 to

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James and Diane formed a partnership on 4/1/2021. James transferred in $20,000 of personal cash to the partnership Diane transferred accounts receivable of $30,000 to the partnership. The partnership expects to collect $25.000 of the accounts receivable Instructions: Prepare the journal entries to record each partners Investments in the partnership. You should record each partner's contribution as a separate journal entry A-BI Journal Date Account Name Debit Credit 1 Next page MacBook Air 2 1 B SC

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