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Mario and Luigi decide to form a partnership. On 1 January, they combine their assets with the following current market values and book values: Mario's

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Mario and Luigi decide to form a partnership. On 1 January, they combine their assets with the following current market values and book values: Mario's assets & liabilities Luigi's assets & liabilities Book value Current market value Book value Cash at bank $129000 $129000 $124000 Accounts receivable $68000 $64000 $57000 Provision for doubtful debts $7900 $6900 Inventory $89000 $101000 $84000 Land $79000 $104000 $104000 Buildings $109000 $99000 $119000 Accumulated depreciation $54000 $59000 Accounts payable $47000 $47500 $54000 Required: Fill out the journal entries to record the initial investments in the partnership by Mario and Luigi on 1 January. 1. Include only the number in your answer. No comma separators or dollar signs. Otherwise, your answer will be deemed incorrect. Example of an answer: 12345 Required: Fill out the journal entries to record the initial investments in the partnership by Mario and Luigi on 1 January 1. Include only the number in your answer. No comma separators or dollar signs. Otherwise, your answer will be deemed incorrect. Example of an answer: 12345 2. If an account should be debited and not credited, please type 0 on the credit side. If an account should is not relevant, that is should neither be debited and credited, please type 0 on both the debit and credit side. Initial Investment by Mario: DEBIT CREDIT Jan. 1 Cash at Bank Accounts Receivable Inventory $ $ Land $ Buildings $ Provision for $ doubtful debts Accumulated $ Depreciation Accounts Payable $ $ Buildings $ $ Provision for doubtful debts Accumulated Depreciation Accounts Payable $ $ Mario, Capital $ Initial Investment by Luigi: DEBIT CREDIT Jan. 1 Cash at Bank $ $ Accounts Receivable Inventory $ Land $ Buildings $ Provision for doubtful debts Accumulated Depreciation Accounts Payable $ Luigi, Capital

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