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, $14,760; accounts receivable with a face amount of $154,980 and an allowance for doubtful accounts of $5,590; merchandise inventory with a cost of $100,070; and equipment with a cost of $144,690 and accumulated depreciation of $94,050. The partners agree that $6,820 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $11,620 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 $94,070, and that the equipment is to be valued at $63,810. 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