's original investment hart of Accounts Journal Instructions Holly Renfro contributed a patent, accounts receivable, and $24,760 cash to a partnership. The patent had a book value of $8,590. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $93,460. The accounts receivable control account was $35,670, with an allowance for doubtful accounts of $1,920. The partnership also assumed a $10,610 account payable owed to a Renfro's supplier On December 31, provide the journal entry for Renfro's contribution to the partnership. Refer to the Chart of Accounts for exact