Brandi Bonds and Cesar Ruiz form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Bonds, sole proprietorship:

Bonds obtained appraised values for the land and equipment as follows:An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $6,000.Journalize the partnership's entry for Bond's investment.

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$ 40,000 Cash $75,000 4,100 Accounts receivable Less: Allowance for doubtful accounts 70,900 Land 180,000 Equipment Less: Accumulated depreciation-equipment $70,000 43,000 27,000 $317,900 Total assets $ 22,500 65,000 230,400 Accounts payable Notes payable Brandi Bonds, capital Total liabilities and owner's equity $317,900