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

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 Supplies $ 1,000 Equipment 3,000 Land $ 5,000 Accounts payable 8,000 Notes payable $ 4,500 3,100 View transaction list Journal entry worksheet