Question 1 of 11 View Policies < Current Attempt in Progress -/1 1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $21,000 cash, and Nichols contributes $20,000 cash and equipment having a book value of $4,200. Prepare the entry to record Nichols's investment in the partnership, assuming the equipment has a fair value of $5,500. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Account Titles and Explanation Debit Credit I eTextbook and Media Attempts: 0 of 10 used Submit Answer