M.abadie and s.collier combine their individual sole proprietorship to start the abadie collier partnership. M.Abadie and s. collier invest in the partnership as follows

Book value Fair value

Abadie collier Abadie collier

Cash 21,000 6,000 21,000 $6,000

Account receivable 10,000 5,000 10,000 5,000

allowances for doubtfu(1500) (600) (2100) (900)

Equipment 15000 24000 13,500 (9,000)

Accumulated depreciation(3000) (9000).

The entries to recorded the investment will include a credit to:

NB: I am just wondering why I have to take only Collier capital, please explain me