M. Donald and S. Collier combine their individual sole proprietorships to start the Donald - Collier partnership. M. Donald and S. Collier invest in the partnership as follows Cash Accounts Receivable Allowance for Doubtful Accounts Equipment Accumulated Depreciation Book Value Donald Collier Donald Collier $20700 $5100 $20700 $5100 10000 6000 10000 6000 (1200) (700) (2000) (920)

15100 25000 13900 8800 (2500) (9600) The entries to record the investment will include a credit to: O Donald, Capital of $43300. Donald, Capital of $42100. O Collier, Capital of $25580. O Collier, Capital of $18980. Fair Value

M. Donald and S. Collier combine their individual sole proprietorships to start the Donald - Collier partnership. M. Donald and S. Collier invest in the partnership as follows The entries to record the investment will include a credit to: Donald, Capital of $43300. Donald, Capital of $42100. Collier, Capital of $25580. Collier, Capital of $18980