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, $15,120; accounts receivable with a face amount of $158,760 and an allowance for doubtful accounts of $5,730; merchandise inventory with a cost of $98,950; and equipment with a cost of $168,570 and accumulated depreciation of $109,570. The partners agree that $6,990 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $11,910 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 $93,010, and that the equipment is to be valued at $74,340. Journalize the partnership's entry to record Kaiser's investment. If an amount box does not require an entry, leave it blank.

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, $15,120; accounts receivable with a tace amount of $158,760 and an allowance for doubtful accounts of $5,730; merchandise inventory with a cost of $98,950; arvd equipment with a cost of $168,570 and accumulated depreciation of $109,570. The partners agree that 56,990 of the accounts recelvable are completely worthiess and are not to be accepted by the partnership, that s11,910 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 593,010, and that the equipment is to be valued at 574,340 . Journalize the partnership's entry to record Kaiser's inwestment. If an amount box does not require an entry, leave it blank