Journalize the partnership's entry for Freemans investment. If an amount box does not require an entry, leave
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Question:
Journalize the partnership's entry for Freemans investment. If an amount box does not require an entry, leave it blank.
Cash $
Accounts receivable $
Less: Allowance for doubtful accounts
Land
Equipment $
Less: Accumulated depreciationequipment
Total assets $
Accounts payable $
Notes payable
Hannah Freeman, capital
Total liabilities and owner's equity $
Freeman obtained appraised values for the land and equipment as follows:
Land $
Equipment
An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $
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