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K . Decker, S . Rosen, and E . Toso are forming a partnership. Decker is transferring $ 5 4 , 6 0 0 of

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $54,600 of personal cash to the partnership. Rosen owns land worth $11,800 and a small building worth $83,800, which she transfers to the partnership. Toso transfers to the partnership cash of $10,100, accounts receivable of $36,400, and equipment worth $20,000. The partnership expects to collect $32,760 of the accounts receivable.
(a)
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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.)

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