Sign in or Sign Calculator Jesse and Tim form a partnership by combining the assets of their separate businesses, Jesse contributes accounts receivable with a face amount of $45,000 and equipment with a cost of $184,000 and accumulated depreciation of $99,000. The partners agree that the equipment is to be valued at $68,300, that $3,600 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $1,700 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Tim contributes cash of $21,000 and merchandise inventory of $45,000. The partners agree that the merchandise inventory is to be valued at $48,500 Journalize the entries to record in the partnership accounts (a) Jesse's Investment and (b) Tim's investment. If an amount box does not require an entry, leave it blank