Partner B is investing in a partnership with Partner A. B contributes as part of his initial investment, Accounts Receivable of $60,000; an Allowance for Doubtful Accounts of $9,000; and $6,000 cash. The entry that the partnership makes to record Bs initial contribution includes a

credit to B, Capital for $66,000.

debit to Allowance for Doubtful Accounts for $9,000.

debit to Accounts Receivable for $61,000.

credit to B, Capital for $57,000.

Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciation of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jens initial contribution to the partnership includes a

debit to Equipment for $52,000.

credit to Accumulated Depreciation for $20,000.

debit to Equipment for $32,000.

debit to Equipment for $45,000.

If the company issues a $100,000, 10%, 10-year bond, that pays interest semiannually when market interest rate is 12%, the bond would sell at an amount

equal to face value.

less than face value.

that cannot be determined based on the information given.

greater than face value.