Question: Check my Problem 12-1A (Static) Recording partnership formation LO P1 Mike Derr and Mark Finger form a partnership. Derr contributes the following items (at market

Check my Problem 12-1A (Static) Recording partnership formation LO P1 Mike Derr and Mark Finger form a partnership. Derr contributes the following items (at market value). Prepare the partnership's journal entry to record Derr's investment. Cash $ 1,000 Equipment $ 5,000 Accounts payable $ 4, 500 Supplies 3,000 Land 8,000 Notes payable 3, 100 View transaction list Journal entry worksheet A Record investment of Derr. Note: Enter debits before credits. Transaction General Journal Debit Credit 9:32 P to search O W 6/10/20 DELL

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