Journal entry worksheet Note: Enter debits before credits

Moss and Barber organize a partnership on January 1. Moss's initial net investment is $65,000, consisting of cash ($16,000), equipment ($68,000), and a note payable reflecting a bank loan for the new business ($19,000). Barber's initial investment is cash of $40,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list Journal entry worksheet Record the initial investment of Moss. Note: Enter debits before credits. Transaction (1) Record entry General Journal Clear entry Debit Credit View general journal