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William, Anne, and George decide to go into business together. William contributes $5,000 worth of equipment to the partnership, Anne contributes $10,000 in cash

William, Anne, and George decide to go into business together. William contributes $5,000 worth of equipment to the partnership, Anne contributes $10,000 in cash to the partnership and George contributes land worth $15,000 to the partnership, however the land is subject to a $5,000 promissory note and mortgage for which the partnership takes responsibility. Requirement Journal the contributions to the partnership William, Anne and George.

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