R. Black and B. Rivers decide to organize the Sandhill Partnership. Black contributes $11,200 cash. Rivers contributes $2,750 of accounts receivable, of which the partners agree that $2,400 is collectible. Rivers will also contribute the amount of cash required so both partners have the same amount in their capital accounts. Prepare the entry to record each partners investment in the partnership on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

july 1

Date	Account Titles and Explanation	Debit

acct titles and explanation debit credit

july 1 ___________ _________________ ________

____________ ________________ _________

(Invested cash in business.)

july 1 ___________ _________________ ________

____________ ________________ _________

___________ _________________ ________

____________ ________________ _________

(Invested cash and accounts receivable in business.)