K$.$

Account Titles and Explanation

Debit

Credit

$($To record investment of Decker.$)$

$$

$$

$$

$($To record investment of Rosen.$)$

$$

$$

Equipment $$

Allowance for Doubtful Accounts $$

$$

$($To record investment of Toso.$)$

What amount would be reported as total owners' equity immediately after the investments?

Total owners' equity $ Decker, S$.$ Rosen, and E$.$ Toso are forming a partnership. Decker is transferring $$52,100$ of personal cash to the partnership. Rosen owns land worth $$14,500$ and a small building worth $$80,200,$ which she transfers to the partnership. Toso transfers to the partnership cash of $$13,800,$ accounts receivable of $$36,000,$ and equipment worth $$15,400.$ The partnership expects to collect $$32,400$ of the accounts receivable.

$($a$)$

Prepare the journal entries to record each of the partners' investments. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

$($To record investment of Decker.$)$

$$

$$

$$

$$

$$

$$

$($To record investment of Rosen.$)$