Moss and Barber organize a partnership on January 1. Moss's initial net investment is $95,000, consisting of cash ($26,000), equipment ($85,000), and a note payable reflecting a bank loan for the new business ($16,000). Barber's initial investment is cash of $28,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list A Record the initial investment of Moss. B Record the initial investment of Barber. EX 7