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Susan is investing in a partnership with Andy. As part of Susan's initial contribution, she contributes Accounts Receivable of $60,000: an Allowance for Doubtful Accounts
Susan is investing in a partnership with Andy. As part of Susan's 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 Select one: a. debit to Allowance for Doubtful Accounts for $4,000. b. credit to Susan Capital for $70,000. c. credit to Susan Capital for $66.000. d. debit to Accounts Receivable for $56000
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