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Tony and Tanya are looking to form a new partnership. Tony contributes the following to the partnership: Equipment, $875; Building, $6,790; Notes Payable, $2,100; and

Tony and Tanya are looking to form a new partnership.

Tony contributes the following to the partnership: Equipment, $875; Building, $6,790; Notes Payable,

$2,100; and Cash, $260.

Tanya contributes the following: Accounts Receivable, $900 with an allowance for doubtful accounts of$160; Inventory, $675; Cash, $125; and Accounts Payable, $250. Prepare the journal entry to record thepartners contributions on November 1, 2019.

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