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, $15,870; accounts receivable with a face amount of $166,640 and an allowance for doubtful accounts of $6,010; merchandise inventory with a cost of $84,250; and equipment with a cost of $151,860 and accumulated depreciation of $98,710. The partners agree that $7,330 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $12,500 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 $79,200, and that the equipment is to be valued at $66,970. 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 Accounts Receivable Merchandise Inventory Equipment Allowance for Doubtful Accounts Kimberly Payne, Capital