Suzy Allen has owned and operated a proprietorship for several years. On January 1 , she decides to terminate this business and become a partner in the firm of Allen and King. Allen's investment in the partnership consists of $14,160 in cash and the following assets of the proprietorship: accounts receivable $16,520 less allowance for doubtful accounts of $2,360, and equipment $35,400 less accumulated depreciation of $4,720. It is agreed that the allowance for doubtful accounts should be $3,540 for the partnership. The fair value of the equipment is $27,730. Journalize Allen's admission to the firm of Allen and King. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)