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Mike Derr and Mark Finger form a partnership. Derr contributes the following items (at market value). Prepare the partnership's journal entry to record Derr's investment.

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Mike Derr and Mark Finger form a partnership. Derr contributes the following items (at market value). Prepare the partnership's journal entry to record Derr's investment. Cash $ 1,000 Equipment $ 5,000 Accounts payable $ 4,500 Supplies 3,800 Land 8,800 MNotes payable 3,108 View transaction list Journal entry worksheet Record investment of Derr. Note: Enter debits before credits

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