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Part 1: (Examples) Example 1 Brandy and Johnson decide to organize a partnership. Brandy invests $25,000 cash, and Johnson contributes $5,000 and equipment having a

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Part 1: (Examples) Example 1 Brandy and Johnson decide to organize a partnership. Brandy invests $25,000 cash, and Johnson contributes $5,000 and equipment having a book value of $3,500 and a fair market value of $10,000 Instructions Prepare the entry to record each partner's investment Solution EX1 (5 min.)

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