On Jan. 1, 2019, Venturer A contributed an equipment to JV for a 47% Interest. The equipment has a fair value of $800,000 and a carrying value of $400,000 as well as 10 years remaining Life. Venturer B contributed technology with a fair value of $900,000 for a 53% interest in JV. All three entities have Dec 31 as the reporting day. Required: 1) Journal entry Venturer A should make on the day of investments. 2) Journal entry Venturer A should make On Dec 31, 2019.