The partners investments, Prepare the journal entries to

The partners investments

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Reference no: EM13286996

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,910 of personal cash to the partnership. Rosen owns land worth $19,700 and a small building worth $78,220, which she transfers to the partnership. Toso transfers to the partnership cash of $13,430, accounts receivable of $34,220 and equipment worth $19,630. The partnership expects to collect $30,798 of the accounts receivable.
Prepare the journal entries to record each of the partners' investments.

Reference no: EM13286996

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