Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet is from Derr's sole proprietorship. The market value of Derr's equipment is $5,400 and the market value of land is $8,400. Balance Sheet Assets Cash Supplies Equipment Accumulated depreciation-Equip Land Total assets $ 1,400 3,400 $ 13,000 (10.600) 2,400 4,400 $11,600 Liabilities Accounts payable Notes payable Total liabilities Equity M. Derr, Capital Total liabilities and equity $ 4,900 3,500 8.400 3,200 $11,600 Prepare the partnership's journal entry to record Derr's investment View transaction list Journal entry worksheet Record investment of Der Transaction General Journal Debit Credit