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 $55,200 Accounts receivable Less: Allowance for doubtful accounts $103,800 6,100 97,700 Land 248,000 Equipment Less: Accumulated depreciation equipment $97,000 59,600 37,400 $438,300 Total assets Accounts payable $30,900 89,400 Notes payable Hannah Freeman, capital 318,000 $438,300 Total liabilities and owner's equity Freeman obtained appraised values for the land and equipment as follows: Land $345,000 Show Me How Total liabilities and owner's equity Calculator 138,300 Freeman obtained appraised values for the land and equipment as follows: Land $345,000 Equipment 29,200 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $8,900. 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 55.200 Accounts Receivable 103,800 345.000 126,200 X Land Equipment Allowance for Doubtful Accounts Accounts Payable 8.900 30,900 bill Notes Payable 89.400 Hannah Freeman, Capital 441.400 X Feedback