Show Me How Recording Partner's Original Investment Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $10,690; accounts receivable with a face amount of $112,250 and an allowance for doubtful accounts of $4,050; merchandise inventory with a cost of $98,780; and equipment with a cost of $181,650 and accumulated depreciation of $118,070. The partners agree that $4,940 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $8,420 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 $92,850, and that the equipment is to be valued at $80,110. Journalize the partnership's entry to record Kaiser's investment. If an amount box does not require an entry, leave it blank. Cash Accounts Receivable Merchandise Inventory 10,690 107.310 92.850 101,340 X Allowance for Doubtful Accounts 12,470 X Vanessa Kaiser Capital Equipment Recording Partner's Original Investment Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $10,690; accounts receivable with a face amount of $112,250 and an allowance for doubtful accounts of $4,050; merchandise inventory with a cost of $98,780, and equipment with a cost of $181,650 and accumulated depreciation of $118,070. The partners agree that $4,940 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $8,420 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 $92,850, and that the equipment is to be valued at $80,110. Journalize the partnership's entry to record Kaiser's investment. If an amount box does not require an entry, leave it blank. Cash Accounts Receivable Merchandise Inventory 10,690 107,310 92,350 101,540 X Allowance for Doubtful Accounts 12,470 X Equipment Vanessa Kaiser, Capital Fback Check My Work Record the assets at their current values, and record the alowance account at its current value. The Capital account will be the balancing item for the entry