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 Cash 20.540 Accounts Receivable Merchandise Inventory 206,180 X llllll Equipment Allowance for Doubtful Accounts Kimberly Payne, Capital Feedback Ched My Work Record the assets at their current values, and record the allowance account at its current value. The Capital account will be the balancing item for the entry