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 $12,480 in cash and the following assets of the proprietorship: accounts receivable $14,560 less allowance for doubtful accounts of $2,080, and equipment $31,200 less accumulated depreciation of $4,160. It is agreed that the allowance for doubtful accounts should be $3,120 for the partnership. The fair value of the equipment is $24,440. Journalize Vopats admission to the firm of Vopat and Sigma. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1	select an account title to record the Investment of assets in business on January 1 Allowance for Doubtful Accounts Accounts Receivable Equipment S. Vopat, Capital Cash	enter a debit amount	enter a credit amount
	select an account title to record the Investment of assets in business on January 1 Accounts Receivable Allowance for Doubtful Accounts S. Vopat, Capital Cash Equipment	enter a debit amount	enter a credit amount
	select an account title to record the Investment of assets in business on January 1 Equipment S. Vopat, Capital Allowance for Doubtful Accounts Cash Accounts Receivable	enter a debit amount	enter a credit amount
	select an account title to record the Investment of assets in business on January 1 Equipment S. Vopat, Capital Allowance for Doubtful Accounts Cash Accounts Receivable	enter a debit amount	enter a credit amount
	select an account title to record the Investment of assets in business on January 1 Accounts Receivable Cash Allowance for Doubtful Accounts S. Vopat, Capital Equipment	enter a debit amount	enter a credit amount
	(Invest assets in business.)