Quick to contribute $45,000 in cash, and to act as managing partner at a salary of $20,000 per year. Brown to contribute office furniture valued at $30,00 with a bank loan of $10,000, computers of $15,000 and $25,000 in cash. Fox to contribute computers valued at $15,000 on Fox's accounting record, and debtors of $20,000. The fair value of these computers is $3,000 less than Fox's accounting record. Interest for the period is to be allowed to partners at the rate of 10% p.a. on their original capital contributions. Residual profits or losses to be shared amongst Quick, Brown and Fox in the proportion of 3:1:2 respectively. Required a) Prepare the journal entries necessary to open the records of the partnership. (5 Marks) Please NOTE: Ignore GST and Narrations are NOT required. (Narrations in the general journals are not required. Both account names and figures should be correct in order to award marks. Type your response directly into the text box below.)