Question: Dave Krug contributed $ 1 , 0 0 0 cash along with inventory and land to a new partnership. The inventory had a market value

Dave Krug contributed $1,000 cash along with inventory and land to a new partnership. The inventory had a market value of $2,000. The land had a market value of $5,000. The partnershlp also accepted a $3,000 note payable owed by Krug to a creditor.
Prepare the partnership's journal entry to record Krug's investment.
Journal entry worksheet
A
Dave Krug contributed $1,000 cash along with inventory and land to

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