Vanessa Kaiser and Marian Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $23,820; accounts receivable with a face amount of $154,070 and an allowance for doubtful accounts of $3,930, merchandise inventory with a cost of $88,010, and equipment with a cost of $123,640 and accumulated depreciation of 548,490. The partners agree that $5,890 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $5,120 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 5100,740, and that the equipment is to be valued at $80,180 Required: On December 1, Journalize the partnerships entry to record Kaiser's investment Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use lines for journal explanations Every line on a journal pages used for debitor credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered JOURNAL ACCOUNTING EQUATI DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES