Jennifer devine and stanley farrin decide to organize the

Reference no: EM13597907

Jennifer DeVine and Stanley Farrin decide to organize the ALL-Star partnership. DeVine invests $14,150 cash, and Farrin contributes $10,613 cash and equipment having a book value of $2,476. Prepare the entry to record Farrin's investment in the partnership, assuming the equipment has a fair market value of $3,537.

Reference no: EM13597907

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