Suzy Vopat 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 Vopat and Sigma. Vopats investment in the partnership consists of $11,600 in cash, and the following assets of the proprietorship: accounts receivable $14,800 less allowance for doubtful accounts of $1,500, and equipment $19,200 less accumulated depreciation of $3,900. It is agreed that the allowance for doubtful accounts should be $2,250 for the partnership. The fair value of the equipment is $12,500. Journalize Vopats admission to the firm of Vopat and Sigma. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1