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Susan is investing in a partnership with Andy. As part of Susans initial contribution,she contributes Accounts Receivable of $60,000; an Allowance for Doubtful Accounts of
Susan is investing in a partnership with Andy. As part of Susans initial contribution,she contributes Accounts Receivable of $60,000; an Allowance for Doubtful Accounts of $4,000; and $10,000 cash. The entry that the partnership makes to record Susan's initial contribution includes a
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