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Moss and Barber organize a partnership on January 1. Moss's initial net investment is $98.000, consisting of cash ($33,000). equipment ($76.000), and a note payable

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Moss and Barber organize a partnership on January 1. Moss's initial net investment is $98.000, consisting of cash ($33,000). equipment ($76.000), and a note payable reflecting a bank loan for the new business ($11.000). Barber's initial investment is cash $27000 Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. tock View transaction list Journal entry worksheet A B Record the initial investment of Moss Note: Enter debits before credits Transaction (1) General Journal Dobit Credit Cash Equipment hoss, Capital note payable Record entry Clear entry View general Journal o Tiomotora Record the initial investment of Barber. Note: Enter debits before credits. Transaction (2) General Journal Debit Credit Record entry Clear entry View general journal

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