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please help me!!!!! This Test: 100 pts possible Nancy Foster has been operating an apartment-locator service as a sole proprietorship. She and Melissa Marius have

please help me!!!!!

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This Test: 100 pts possible Nancy Foster has been operating an apartment-locator service as a sole proprietorship. She and Melissa Marius have decided to form a partnership. Foster's contribution consists of Cash, $9,000; Accounts Receivable, $15,000; Furniture, $18,000; Building (net), $51,000; and Notes Payable, $19,000. To determine Foster's equity in the partnership, she and Marius hire an independent appraiser. The appraiser values all the assets and liabilities at their book value, except the building, which has a current market value of $92,000. Also, there are additional Accounts Payable of $11,000 that Foster will contribute. Marius will contribute cash equal to Foster's equity in the partnership: Read the requirements. Requirement 1. Journalize the entry on the partnership books to record Foster's contribution. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit i Requirements X 4 1. Journalize the entry on the partnership books to record Foster's contribution. 2. Journalize the entry on the partnership books to record Marius's contribution. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 10:11 AM 10/4/2020 IN Type here to search O 36

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