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Luke, Lando and Leia decide to start a partnership called LLL Consulting on March 1, 2020. Each of them contribute a number of items to

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Luke, Lando and Leia decide to start a partnership called LLL Consulting on March 1, 2020. Each of them contribute a number of items to the partnership, which are listed below. Luke contributed 55,300 cash and a building he had purchased for $228,000. The building now has a market value of $250,800. Lando contributed $4,000 cash, equipment he had purchased for $26,600 and a note payable worth $24,000. The equipment has a market value of $23,940. Leia contributed $7,500 cash, furniture she has purchased for $13,700 and accounts payable worth $7,900. The furniture has a market value of $10,960. Prepare the journal entries to record the contributions of each partner Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit enter the accounts in alphabetical order. Debit Credit Date Account Title and explanation Mar 1 . Investment by Luke Mar 1 . Investment by Lando Mar Investment by Lando Mar 1 . Investment by Leia

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