Recording Partner's Original Investment Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 Cash $33,250 $62,500 58,800 $18,600 54,050 191,500 Accounts receivable Less: Allowance for doubtful accounts 3,700 Land 150,000 Equipment $58,000 Less: Accumulated depreciation equipment 35,900 22,100 Total assets $264,150 Accounts payable Notes payable Hannah Freeman, capital Total liabilities and owner's equity $264,150 Freeman obtained appraised values for the land and equipment as follows: $209,000 Equipment An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $5,400. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Land 17,200 Freeman obtained appraised values for the land and equipment as follows: Land $209,000 Equipment 17,200 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $5,400. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash Accounts Receivable Land Equipment Allowance for Doubtful Accounts Accounts Payable Notes Payable Hannah Freeman, Capital