Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $16,930; accounts receivable with a face amount of $177,770 and an allowance for doubtful accounts of $6,410; merchandise inventory with a cost of $98,830; and equipment with a cost of $138,600 and accumulated depreciation of $90,090.

The partners agree that $7,820 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $13,330 is a reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price of $92,900, and that the equipment is to be valued at $61,120.

Journalize the partnerships entry to record Kaisers investment. If an amount box does not require an entry, leave it blank.