Tom Modervale and John Grey set up a new partnership on January 16, 2016. Tom contributes a warehouse and land worth a combined $884,000. Market value of the warehouse is $272,000. John contribute $1,125,000 in cash. Write the journal entry to record the contributions to the partnership. Do not enter dollar signs or commas in the input boxes. Enter the debit accounts in alphabetical order, followed by the credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit Jan 16 To record investment by partners