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Tancy Fleming has been operating an apartment locator service as a sole proprietorship. She and Melissa Magnus have decided to form a partnership. Fleming's contribution

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Tancy Fleming has been operating an apartment locator service as a sole proprietorship. She and Melissa Magnus have decided to form a partnership. Fleming's contribution consists of Cost: 311.000 A (na) 558 000 and Notes Payable, 521000 Te duci Fleming equity in the partnership, she and Magnus hire an independent appraiser. The appealser values all the assets and liabilities at their book valus, except the building which has a com Accounts Payable of S7.000 that Fleming will contribute Magnus will contribute cash cual to Filmog's equity in the partnership Requirement 1. Journalize the entry on the partnership books to record Fleming's contribution. (Record orbits first then credits Select the explanation on the last line of the journal entry table) Accounts and Explanation Debit Credit Accounts Receivable woment 2. Jomalies the entry on the partnership books to record Magnus contribution Record dubits fint. then credis Select the explanation on the last te of the journal artyta Ant and Explanation Credit y her in the inputted and then continue to the next question hp Tancy Fleming has been operating an apartment locator service as a sole proprietorship. She and Melissa Magnus have decided to form a partnership. Fleming's contribution consists of Cost: 311.000 A (na) 558 000 and Notes Payable, 521000 Te duci Fleming equity in the partnership, she and Magnus hire an independent appraiser. The appealser values all the assets and liabilities at their book valus, except the building which has a com Accounts Payable of S7.000 that Fleming will contribute Magnus will contribute cash cual to Filmog's equity in the partnership Requirement 1. Journalize the entry on the partnership books to record Fleming's contribution. (Record orbits first then credits Select the explanation on the last line of the journal entry table) Accounts and Explanation Debit Credit Accounts Receivable woment 2. Jomalies the entry on the partnership books to record Magnus contribution Record dubits fint. then credis Select the explanation on the last te of the journal artyta Ant and Explanation Credit y her in the inputted and then continue to the next question hp

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