Michelle Hamilton and Bill Rossi decide to form a partnership. Hamilton invests $35,700 cash and accounts receivable of $30,300 less allowance for doubtful accounts of $2,500. Rossi contributes $23,000 cash and equipment having a $5,600 book value. It is agreed hat the allowance account should be $3,600 and the fair value of the equipment is $10,300. Prepare the necessary journal entry to record the formation of the partnership. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)