Recording Partner's Original Investment Kimberly Payne and Arionna Maples decide to form a partnership by combining the assets of their separate businesses. Payne contributes the following assets to the partnership: cash, $9,050; accounts receivable with a face amount of $95,030 and an allowance for doubtful accounts of $3,430; merchandise inventory with a cost of $79,550; and equipment with a cost of $191,440 and accumulated depreciation of $124,440. The partners agree that $4,180 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $7,130 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 $74,780, and that the equipment is to be valued at $84,420. Journalize the partnerships entry to record Paynes investment. For a compound transaction, if an amount box does not require an entry, leave it blank.