K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $54,600...
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K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $54,600 of personal cash to the partnership. Rosen owns land worth $10,100 and a small building worth $79,600, which she transfers to the partnership. Toso transfers to the partnership cash of $10,800, accounts receivable of $32,200, and equipment worth $18,100. The partnership expects to collect $28,980 of the accounts receivable. (a) Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) ( Io record investment ot Ioso.) Your answer is incorrect. What amount would be reported as total owners' equity immediately after the investments
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