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Journalizing partner's original investment market value of $57,500. The partnership also assumed a $50,000 note payable owed by Lin that was used originally to purchase
Journalizing partner's original investment market value of $57,500. The partnership also assumed a $50,000 note payable owed by Lin that was used originally to purchase the land. Journalize the entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank
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