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, $17,700; accounts receivable with a face amount of $185,850 and an allowance for doubtful accounts of $6,710; merchandise inventory with a cost of $101,850 and equipment with a cost of $142,510 and accumulated depreciation of $92,630 The partners agree that $9,180 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $13,940 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 $95,740, and that the equipment is to be valued at $62,850. 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 Cash Merchandise Inventory EquipmentY Allowance for Doubtful Accounts Kimberly Payne, Capital