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, $20,540; accounts receivable with a face amount of $215,670 and an allowance for doubtful accounts of $7,780; merchandise inventory with a cost of $84,940; and equipment with a cost of $192,960 and accumulated depreciation of $125,420. The partners agree that $9,490 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $16,180 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 $79,840, and that the equipment is to be valued at $85,100. Journalize the partnership's entry to record Payne's investment. For a compound transaction, if an amount box does not require an entry, leave it blank