Moss and Barber organize a partnership on January 1. Moss's initial net investment is $89,000, consisting of cash ($25,000), equipment ($75,000), and a note payable reflecting a bank loan for the new business ($11,000). Barber's initial investment is cash of $26,000. Make journal entries to record (1) Mosss investment and (2) Barbers investment.

Journal entry worksheet Record the initial investment of Moss. Note: Enter debits before credits. Journal entry worksheet Record the initial investment of Barber. Note: Enter debits before credits