Julie contributes, as part of her initial investment, accounts receivable with an allowance for doubtful accounts. Which of the following reflects a proper treatment? The allowance account may be set up on the books of the partnership because it relates to the existing accounts that are being contributed O The allowance account should not be recorded in the books of the partnership The balance of the accounts receivable account should be recorded on the books of the partnership at its not realizable value. The accounts receivable and allowance should not be recorded on the books of the partnership because a partner must invest cash in the business