Business, 21.01.2021 22:10 aghamuzahirali4392

Bloom and Plant organize a partnership on January 1. Bloom's initial investment consists of $800 cash, $1,700 equipment and a $500 note payable reflecting a bank loan for the new business. Plant's initial investment is cash of $2,000. These amounts are the values agreed on by both partners. The journal entry to record Bloom's investment is:

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Bloom and Plant organize a partnership on January 1. Bloom's initial investment consists of $800 cas...

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