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Partnership Opening Entries Patty McShane and Betty Lou Blixt agreed on September 1 to go into business as partners. According to the agreement, McShane is

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Partnership Opening Entries Patty McShane and Betty Lou Blixt agreed on September 1 to go into business as partners. According to the agreement, McShane is to contributo $55,000 cash and Blixt is to contribute $80,000 cash Provide a separate journal entry for the investment of each partner. If an amount box does not require an entry, leave it blank. Page: 1 ACCOUNT TITLE DOC. POST NO. REF. DATE DEBIT CREDIT 1 1 20-- Sept 1 2 3 2 3 4 Sept 1 5

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