Recording Partner's Original Investment Chart of Accounts Journal Instructions Vanessa Kanser and Marian Newman decide to form a natrio by combining the assets of their separate businesses. Kaiser contributes the following ustoti to the partnership cash, 324,800, accounts receivable with a face amount of $157,390 and an allowance for doubtful accounts of 54,310, merchandise inventory with a cost of 90,720, and equipment with a cost of 5128,070 and accumulated depreciation of 541,130 The partners agree that 55,710 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $5,030 is a reasonable allowance for the uncollectibility of the remaining accounts that the merchandise inventory is to be recorded at the current market price of 5114,400, and that the equipment is to be valued at $91,690 Required: On December 1, journalize the partnership's entry to record Kaiser's investment Refer to the chart of accounts for the exact word of the account title NOW journals do not use lines for journal explanations Every line on a journal page is used for debut or credit entries CNOW Jouma ww automatically indent a credit entry when e credit amount is entered Recording Partner's Original Investment Chart of Accounts Journal Instructions Journal How sex scadena PE JOURNAL Score: 50/73 ACCOUNTING EQUATION DATE DESCRIPTION POST RE DEBIT CREDIT LIABILITIES EQUR Dec. 1 Cash 24,800.00 1 161.700.00 161.700.00 90.720.00 Accounts Receivable Merchandise Inventory Equipment Allowance for Doubtful Accounts Vanessa Kaiser Capital 128.070,00 4,510.00 Points 10:51/1