Business, 27.06.2019 02:10 lisatreshnell

Angela moss and autumn barber organize a partnership on january 1. moss’s initial net investment is $75,000, consisting of cash ($17,500), equipment ($82,500), and a note payable reflecting a bank loan for the new business ($25,000). barber’s initial investment is cash of $31,250. these amounts are the values agreed on by both partners. prepare journal entries to record (1) moss’s investment and (2) barber’s investment.

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Angela moss and autumn barber organize a partnership on january 1. moss’s initial net investment is...

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