Moss and Barber organize a partnership on January 1. Moss's initial net investment is $96,000, consisting of cash ($29,000), equipment ($78,000), and a note payable reflecting a bank loan for the new business ($11,000). Barber's initial investment is cash of $43,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. Journal entry worksheet Record the initial investment of Moss. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits