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Moss and Barber organize a partnership on January 1. Moss's initial net investment is $80,000, consisting of cash ($18,000), equipment ($79,000), and a note payable

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Moss and Barber organize a partnership on January 1. Moss's initial net investment is $80,000, consisting of cash ($18,000), equipment ($79,000), and a note payable reflecting a bank loan for the new business ($17,000). Barber's initial investment is cash of $42,000 Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list Journal entry worksheet A B Record the initial investment of Moss. Note: Enter debits before credits Transaction General Journal Debit Credit Pro 13 of 2 118 Neyt Moss and Barber organize a partnership on January 1. Moss's initial net investment is $80,000, consisting of cash ($18,000), equipment ($79,000), and a note payable reflecting a bank loan for the new business ($17,000). Barber's initial investment is cash of $42,000. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment. View transaction list ok Journal entry worksheet + A B > Record the initial investment of Barber. Note: Enter debits before credits General Journal Dobit Transaction (2) Credit

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