On November 1, 2015, Jill Luckovich began Jill LU $6,725, and on November 30 her records showed the to "Luckovich Interior Design Co with an initial investment of de following (alphabetically arranged) account balances: Accounts payable Accounts receivable Cash Fees earned Notes payable Jill Luckovich, Capital S600 2,250 2,875 6,400 700 6,725 Office furniture Jill Luckovich, Withdrawals Rent expense Salaries expense Telephone expense $3,000 350 2,500 2,200 1,250 ") From the information given in reference prepare an income statement tot November On August 1, Jill Farety and Nicole Osilinsky decide to form a partnership. Of the following items shown below, Jill invested the assets and the partnership assumed the liabilities: Accounts receivable Land Building Accounts payable Notes payable Fair Vahe 9,500 250,000 85,000 5,000 100,000 Nicole invested $40,000 in cash and $25,000 in equipment. Prepare two journal entries to record the partners' investments in the partnership