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Required information Knowledge Check 01 On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's Investment is

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Required information Knowledge Check 01 On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's Investment is $10,000 cash and office equipment of $5,000. Monroe's net investment is also $10,000, but it is comprised of cash $15,000 and a note payable reflecting a bank loan for the new business $5,000. Record R. Selleck's investment by selecting the account names from the drop-down menus and entering the dollar amounts. View transaction list Journal entry worksheet On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's Investment is $10,000 cash and office equipment of $5,000. Monroe's net investment is also $10,000, but it is comprised of cash $15,000 and a note payable reflecting a bank loan for the new business Note: Enter debits before credits

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