Journalizing Partner's Original Investment Austin Fisher contributed land, inventory, and $26,000 cash to a partnership. The land had a book value of $70,000 and a market value of $131,000. The inventory had a book value of $65,800 and a market value of $61,200. The partnership also assumed a $50,000 note payable owed by Fisher that was used originally to purchase the land. Required: Provide the journal entry for Fisher's contribution to the partnership. If an amount box does not require an entry, leave it blank. Allowance for Doubtful Accounts 131,000 Inventory 61,200 26,000 Notes Payable 50,000 Austin Fisher, Capital 50,300