Question: Can you answer this question Exercise 12-2 K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $52,400 of personal cash

Can you answer this question

Can you answer this question Exercise 12-2 K. Decker, S. Rosen, and

Exercise 12-2 K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $52,400 of personal cash to the partnership. Rosen owns land worth $17,900 and a small building worth $75,940, which she transfers to the partnership. Toso transfers to the partnership cash of $10,350, accounts receivable of $30,320 and equipment worth $15,810. The partnership expects to collect $27,288 of the accounts receivable. Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Title: and Explanation Debit Credit (To record investment of Decker.) (To record investment of Rosen.) (To record investment of Tcso.)

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