Zain and Jana formed a partnership. Zain contributed $ 2 5 , 0 0 0 cash and

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Question:

Zain and Jana formed a partnership. Zain contributed $

25, 000

cash and accounts receivable worth $

11, 000 .

Jana investment included cash, $

5, 000

; inventory, $

18, 000

; and supplies, $

1, 000 .

Prepare the journal entries to record each partner's investment in the new partnership.

Posted Date: Jun 25, 2024 01:22 PM

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Zain and Jana formed a partnership. Zain contributed $ 2 5 , 0 0 0 cash and

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