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Max contributed $2,000 cash while Emma contributed $2,800 in cash and office equipment which cost $1,600 with a fair market value of $1,300 to a
Max contributed $2,000 cash while Emma contributed $2,800 in cash and office equipment which cost $1,600 with a fair market value of $1,300 to a new partnership. The journal entry to record the partnership investments of Max and Emma would have credit of Emma, Capital in the amounts of?
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