Journalize the partnerships entry for Freeman's investment.For compound transaction,if an amount box does not require an entry, leave it blank.

Recording Partner's Original Investment Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 Cash $50,450 Accounts receivable $94,800 Less: Allowance for doubtful accounts 5,500 89,300 Land 227,000 Equipment $88,000 Less: Accumulated depreciation-equipment 54,500 33,500 Total assets $400,250 Accounts payable $28,300 Notes payable 81,350 Hannah Freeman, capital 290,600 Total liabilities and owner's equity $400,250 Freeman obtained appraised values for the land and equipment as follows: Land $316,000 Equipment 26,100 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $8,000