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Show Me How Austin Fisher contributed land, inventory, and $36,000 cash to a partnership. The land had a book value of $120,000 and a market

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Show Me How Austin Fisher contributed land, inventory, and $36,000 cash to a partnership. The land had a book value of $120,000 and a market value of $175,000. The inventory had a book value of $50,000 and a market value of $42,000. The partnership also assumed a $35,000 note payable owed by Fisher that was used originally to purchase the land. Provide the journal entry for Fisher's contribution to the partnership. Homework #4 Ashley Donald MATH 151 07 - 18 Answer all questions in the spaces provided. Show all work. A correct answer only will receive 1 credit. f(x) = 2x + 4

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