Recording Partner's Original Investment

Brandi Bonds and Cesar Ruiz form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Bonds, sole proprietorship:

Cash			$42,050
Accounts receivable	$79,100
Less: Allowance for doubtful accounts	4,600		74,500
Land			189,000
Equipment	$74,000
Less: Accumulated depreciation-equipment	45,400		28,600
Total assets			$334,150
Accounts payable			$23,500
Notes payable			68,450
Brandi Bonds, capital			242,200
Total liabilities and owner's equity			$334,150

Bonds obtained appraised values for the land and equipment as follows:

Land	$263,000
Equipment	22,300

An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $6,700.

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Journalize the partnership's entry for Bonds's investment. For a compound transaction, if an amount box does not require an entry, leave it blank.