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, $19,060; accounts receivable with a face amount of $200,130 and an allowance for doubtful accounts of $7,220; merchandise inventory with a cost of $91,810; and equipment with a cost of $189,090 and accumulated depreciation of $122,910.

The partners agree that $8,810 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $15,010 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 $86,300, and that the equipment is to be valued at $83,390.

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

blank	Accounts PayableAllowance for Doubtful AccountsCashVanessa Kaiser, CapitalVanessa Kaiser, Drawing	- Select -	- Select -
	Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCost of Merchandise SoldVanessa Kaiser, Capital	- Select -	- Select -
	Accounts PayableAllowance for Doubtful AccountsMerchandise InventoryVanessa Kaiser, CapitalVanessa Kaiser, Drawing	- Select -	- Select -
	Accounts PayableAccumulated DepreciationAllowance for Doubtful AccountsEquipmentMariah Newman, Capital	- Select -	- Select -
	Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCashMerchandise Inventory	- Select -	- Select -
	Accounts ReceivableCashEquipmentMerchandise InventoryVanessa Kaiser, Capital	- Select -	- Select -