Moss and Barber organize a partnership on January 1. Moss's initial net investment is $76,000, consisting of cash ($16,000), equipment ($74,000), and a note payable reflecting a bank loan for the new business ($14,000). Barber's initial investment is cash of $27,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list Journal entry worksheet Record the initial investment of Moss. Note: Enter debits before credits. Record entry Clear entry)r View general journal Dave Krug contributed $1,300 cash along with inventory and land to a new partnership. The inventory had a market value of $2,600. The land had a market value of $5,600. The partnership also accepted a $3,300 note payable owed by Krug to a creditor. Prepare the partnership's journal entry to record Krug's investment. View transaction list Journal entry worksheet A Record the investment of Krug. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalMike 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 5 2,600 Equipment 5 6,600 Accounts payable $ 6,100 Supplies 4,600 Land 9,600 Notes payable 4,700 View transaction list Journal entry worksheet Record investment of Derr. Note: Enter debits before credits. Record entry Clear entry View general journal Required information [ The following information applies to the questions displayed below. ] Ramer and Knox began a partnership by investing $90,000 and $135,000, respectively. During its first year, the partnership earned $260,000. Prepare calculations showing how the $260,000 income is allocated under each separate plan for sharing income and loss. 1. The partners did not agree on a plan, and therefore share income equally