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. Vopat's investment in the partnership consists of $11,200in cash, and the following assets of the proprietorship: accounts receivable $14,300less allowance for doubtful accounts of $1,500, and equipment $20,400less accumulated depreciation of $4,500. It is agreed that the allowance for doubtful accounts should be $2,250for the partnership. The fair value of the equipment is $12,600.

Journalize Vopat's admission to the firm of Vopat and Sigma.