On January 11, 2023, Olivia Tsang and David Breck organize as a partnership called the Landing Zone. Their business offers year-round facilities for skateboarding and snowboarding. Tsangs initial net investment in the Landing Zone is $30,000, made up of $7,000 in cash, equipment with a fair value of $33,000, and a $10,000 note payable reflecting a bank loan for the business due in six months. Brecks initial investment is cash of $10,000. These amounts are the values agreed upon by both partners. The entries to record these investments are