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On January 1. Tan and Green form a partnership. Tan contributes inventory valied at $83,900 and equapment valued at $114,000 to the parthership. The parthership

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On January 1. Tan and Green form a partnership. Tan contributes inventory valied at $83,900 and equapment valued at $114,000 to the parthership. The parthership also accepts Tans $94,000 long term note payable associated with the equipmerit Green contibutes $102,000 cash to the porthership. The partnership agreement states that Green recelves an annual salary allowance of $39,000, anid both partmers get an annual interest allowance of B\% of their initial capctal investment. Any remainirig income or loss is to be shared equally. On December 18 , Tan withdrew $27,500 cash and Green withdigw $34,500 cash Net income was $87,400 for the first year ended December 31 Inter answers in thet tabs below. 1. Recard the entry for the initial capital investrnerves by Tan, 2. Pecord the entry for the initial capital investroents by creen. 3. Record the entry for the cash withdrawals. Journal entry worksheet Itecord the entry for the initial capital investment by Tan. fitel trier desals befire crevide

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