Nancy Foster has been operating an apartment-locator service as a sole proprietorship. She and Melissa Marcellus have decided to form a partnership Fosters contribution consists of Cash, $1,000; Accounts Receivable $3,000 Fumiture, $12,000, Building (net), $58.000, and Notes Payable, $22.000. To determine Foster's equity in the partnership, she and Marcellus hire an independent appraiser. The appraiser values at the assets and labies at their book value, except the building, which has a current market vatue of 503.000. Also, there are additional Accounts Payable of $7,000 that Foster will contribute. Marcellus will contribute cash equal to Foster's equity in the partnership Read the requirements Requirement 1. Journalize the entry on the partnership books to record Foster's contribution. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Debit Date Accounts and Explanation Credit Requirements - X 1. Joumalize the entry on the partnership books to record Foster's coitution 2. Joumalize the entry on the partnership books to record Marc's contribution Pent Done