Jen Novinska and Jeff Quinlan form a partnership by combining assets of their separate businesses. The following balance sheet information is provided by Novinska from her sole proprietorship.

The new partners obtain appraised values and agree to accept the book values for Novinska's assets and liabilities except for the following: Equipment is valued at $1,000, and land is worth $1,600.
Required
Prepare the partnership's journal entry to record Novinska's investment.
 

A D E $ 200 Accounts payable Notes payable Total liabilities $ 100 1|Cash 2 Supplies 3 Equipment 4 Less: Accumulated depreciation-Equip. 5 Land 6 Total assets 600 1,500 $2,200 1,600 1,800 400 J. Novinska, Capital Total liabilities and equity 800 400 $2,000 $2.000