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Steffi and Leigh form a partnership. Steffi invests $1,000 cash, $2,000 of supplies, inventory with a mar- ket value of $3,000, and machinery with

Steffi and Leigh form a partnership. Steffi invests $1,000 cash, $2,000 of supplies, inventory with a mar- ket value of $3,000, and machinery with a market value of $4,000. Prepare the partnership's journal entry to record Steffi's investment. Exercise 12-4 Recording partnership formation P1

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